Speedcast Clinches Satellite Comms Services Contract in China

SpeedCast International Ltd., a global satellite communications and network service provider, reported Tuesday that it has been awarded a sizeable multi-year service agreement to provide managed satellite communications services by a leading global energy service company.

Under the agreement, SpeedCast will provide fully managed VSAT (very small aperture terminal) network services to 18 wellsite locations throughout China.

"This is the third major services agreement awarded to SpeedCast by the Customer in the past 12 months ... The Customer will be able to drive global network consistency and gain efficiencies as additional countries come under a common global managed service. The Customer is now able to better manage resources and streamline operational processes by working with us across various countries and three continents," Keith Johnson, senior vice president, Energy of SpeedCast said in the media release.

"This is our first service implementation for an Energy Customer in China ... It is therefore an important milestone that opens the door to more developments in China. Even more importantly, it validates our vision to establish SpeedCast as a leading global service provider, able to serve blue chip energy customers on a global basis, and as thus to win market share versus long established competitors in that sector," PJ Beylier, CEO of SpeedCast, said.



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