Private equity firm EQT is acquiring satellite operator Speedcast’s ground station business for approximately USD 300 million through its portfolio company SatPort Infrastructure. EQT confirms the deal, while information about the price tag comes from sources, Bloomberg News reports.
The acquisition comprises 12 ground stations on five continents and approximately 100 employees who will transfer to SatPort.
The business will continue to serve Speedcast under a long-term service agreement.
The deal strengthens EQT’s focus on satellite infrastructure as demand for ground-based communications services increases.
