Speedcast International is a global provider of managed network and satellite communication services. They offer high-performance connectivity solutions, integrating satellite, fiber, and wireless technologies. Speedcast serves various sectors, including maritime, energy, government, and enterprise, providing critical communications for remote operations and digital transformation. The company partners with organizations like Airbus and the Australian Space Agency to deliver satellite services and support space sector growth, focusing on areas like IoT, maritime mobility, and satellite managed services.
All verified mentions of this organization in source documents.
Customers can create financial forecasts using data managed through the Speedcast IoT Center.
The agreement is intended to help Speedcast emerge from its Chapter 11 proceedings announced earlier 2020.
Speedcast will continue to deliver Inmarsat Land MSS services to its enterprise customers as part of its land portfolio, leaving enterprise clients and sites unaffected by the agreement.
Speedcast will continue to deliver Inmarsat Land mobile satellite services to its enterprise customers as part of its land portfolio, with enterprise clients and sites unaffected by the agreement.
Tony Chung contributed to a series of successful acquisitions by Speedcast.
Tony Chung was responsible for running Speedcast’s operations, including field engineering and service delivery for customers in the region.
Prior to joining AsiaSat, Tony Chung served as Senior Vice President of Asia Pacific Operations at Speedcast International Limited.
On 2020-08-13, private investment management firm Centerbridge Partners of New York and London offered $395,000,000 to obtain 100% of Speedcast's equity in the reorganized company.
Centerbridge offered $220,000,000 in new debtor-in-possession financing to repay Speedcast's earlier bankruptcy loan and the financing comes with better repayment terms.
Speedcast's unnamed debtor-in-possession financers committed $90,000,000 in new-money loans to allow Speedcast to continue operations while under bankruptcy protection.
Speedcast International obtained commitments for up to $90,000,000 in debtor-in-possession financing to support operations during its restructuring.
Speedcast International filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas with the goal of completing its restructuring by the end of August.
Inmarsat has an unsecured claim against Speedcast International for $24,800,000.
Speedcast International is an Australian company that ended 2019 with $669,000,000 in debt.
SES has an unsecured claim against Speedcast International for $7,700,000.
Intelsat has an unsecured claim against Speedcast International for $45,200,000.
Speedcast International has up to $1,000,000,000 in assets and liabilities.
Spanish connectivity provider e3 Systems provided satellite connectivity for a Yacht Aid Global vessel with service provided for free by Speedcast.
Speedcast will support the Australian Space Agency’s goal of tripling Australia’s space sector in size by 2030.
With the purchases of UltiSat and Globecomm, Speedcast increased its U.S. government business to about $150,000,000 in annual revenues.