Satellite communications provider Speedcast has agreed to acquire Globecomm for $ 135 m , in a move that will boost the company ’s expansion into the defence market . The purchase will see Speedcast increase its revenue from government satellites , and follows the company ’s 2017 acquisition of UltiSat , which enabled it to enter the government satellite market .
Satellite communications provider Speedcast has agreed to acquire Globecomm for $135m, in a move that will boost the company’s expansion into the defence market. The purchase will see Speedcast double its revenue from government customers, and follows the company’s 2017 acquisition of UltiSat, which enabled Speedcast to enter the government services market.