SpeedCast hopes the acquisition will help it service the natural resource sector in Australasia.
Oceanic’s network infrastructure includes a teleport in Port Moresby, Papua New Guinea, which SpeedCast says will strengthen its ability to operate communications networks for its oil & gas, mining and NGO customers.
“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,” said Pierre-Jean Beylier, CEO of SpeedCast. “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.”
Besides SatComms Australia, SpeedCast previsouly acquired Satellite Communications, Pactel International and Elektrikom Satellite Services.