SpeedCast expands in PNG

 GLOBAL satellite telecommunications service provider, SpeedCast has purchased Oceanic Broadband to strengthens its presence in Papua New Guinea market, an official says.

Chief executive Pierre-Jean Beylier said: “This latest investment, like our recent SatComms Australia acquisition, further cements our ability to provide our natural resource customers with an unmatched level of local infrastructure and support in the key markets where they operate. 

“In addition, it establishes a strong point-of-presence for SpeedCast in the fast growing PNG market, strengthening our position as the leading satellite service provider in the Asia-Pacific region.”

The satellite telecommunications service provider announced its acquisition of Oceanic Broadband, a leading integrator and solutions provider in the Oceania region on Wednesday. 

SpeedCast said the acquisition will strengthen the firm’s growing leadership position in Australasia servicing the natural resource sector, a market which Oceanic has been successfully developing for many years.