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SpeedCast buys NewCom International

Pierre-Jean Beylier, CEO of SpeedCast Pierre-Jean Beylier, CEO of SpeedCast

SpeedCast has announced that it has agreed a deal to acquire NewCom International, a satellite communications service provider specialising in the South and Central American regions.

{mprestriction ids="1,2"}The details of the acquisition were finalised at the end of 2015, making NewCom the sixth company purchased by SpeedCast over the course of last year.

The agreement opens a new potential growth area for SpeedCast in a region where the company did not have a direct presence.

NewCom already has customers across a range of verticals, including government, telecom, oil & gas, maritime, NGOs, aviation and mining, and has two teleports in Miami, Florida (where the company is based) and Lima, Peru. Staff are spread across the Americas including Miami, Peru, Columbia and Mexico.

“I am thrilled to see NewCom joining the SpeedCast group as it is a well-recognised organisation with a strong market position in South and Central America, a major and growing region for satellite services. NewCom fills a gap in our capabilities and we can now state that we are truly global and capable of serving our customers wherever they are,” said Pierre-Jean Beylier, CEO of SpeedCast.

“There is a real growth opportunity for SpeedCast in the Americas that we will now be able to better realise. With NewCom’s infrastructure, local presence, relationships and experience, combined with SpeedCast’s strengths, we are well positioned to deliver innovative and value creating solutions to customers in the Americas.”

SpeedCast's burgeoning presence in the Americas started in 2014 with the opening of a Houston office, before a further expansion into Washington DC in 2015. The NewCom transaction is expected to be completed by the second quarter of 2016.{/mprestriction}

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