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 . Such consolidation is “very synergistic” for maritime satellite service providers because of redundancies in network infrastructure and operating expenses, he wrote. 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 $ 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 .