Sydney, Australia, April 23, 2020 - (ABN Newswire) - Speedcast International Limited (ASX:SDA.AX - News) (HAM:7SC.F - News) (OTCMKTS:SPPDF - News) today announced that, after evaluating a variety of options to strengthen its balance sheet in ways that support its long-term growth and success, it has initiated a voluntary financial restructuring under chapter 11 of the United … Ships, mining companies, Government groups and other parties can use their services for communication. 80%. Working at Speedcast isn’t just a job, it’s a career that you can take to new levels. In June 2014, Speedcast announced the acquisition of Oceanic Broadband an Australian integrator and solutions provider.[6]. Speedcast International is a satellite services company with operations stretching from Brisbane around to Perth. To view the entire article, become a subscriber! Beylier’s resignation came as the company’s board warned its shareholders that its financial results for the 2019 financial year may not be within the company’s guidance. Speedcast has told its bankruptcy court that . Globecomm subsequently suffered a decline in maritime business and delays to government projects in the pipeline. We have over 1,300 experienced and passionate people spread out in 40 countries including 240 field engineers, 24/7 customer support centers on 6 continents with multilingual support. Board directors Peter Shaper and Joe Spytek will act as interim co-CEOs of the company. Maritime revenue increased by 12% … The remote data company reported that its revenue grew by 17.3% to $357.6 million. We deliver unprecedented service performance to passenger maritime fleets of all sizes on all parts of the globe, with redundant … A recent profits warning talked of a significantly depressed EBITDA of … Speedcast has over 3,200 customers in 140 countries, serving over 10,000 maritime vessels and over 8,000 active terrestrial sites. [14], July 23 brought the announcement that SpeedCast agrees to acquire UltiSat with the intent to create a new government division.[15]. . The firm has invested … This was an impressive 136% and 195% increase, respectively, on FY 2016’s result. Jun 1, 2020. In December 2017 the British Government partnered with SpeedCast to give the residents of Admastown, Pitcairn Islands a 5Mbit/s shared LTE Network. We put subject matter experts on the ground with our customers to help them to solve their most challenging technical and operational … At Speedcast, we have a “one team, one dream” mentality. The SpeedCast. A free inside look at company reviews and salaries posted anonymously by employees. 148 likes. … But on the bottom line it posted a statutory loss after tax of $175.5 million. Viasat looks past financially stressed satellite market; wants a word with Google, Amazon on customer priorities . Stay connected far afield and down the deepest mine . Speedcast International Limited is an Australian company specializing in communications satellite technology. Distribution de matériel et équipement pour la communication par satellite, équipements de communication par satellit [16], In Feb 2020, Speedcast started looking for a new CEO after PJ Beylier resigned from the post. Speedcast has developed and evolved VSAT and IT communications solutions for over 20 years for customers in the Cruise and Ferry industries. Log in Register SpeedCast 284. [2], Speedcast was founded in September 1999 (it became Speedcast Ltd. in 2010). Cruise brands served #1. One month after, on December 29, 2015, Speedcast announced the official acquisition of Newcom international (NCI), a satellite communications service provider specializing South and Central America. We have field engineers deployed … Find out more at Intelligent Investor Speedcast acquired Globecomm for US$135 million in late 2018, noting at the time that it was a good strategic opportunity. A free inside look at company reviews and salaries posted anonymously by employees. For more information, visit www.speedcast.com. [17], On 23 April 2020, Speedcast filed for Chapter 11 bankruptcy.[2]. On March 16, 2015, Speedcast acquired Hermes Datacommunications International (HMS), a recognised leader in the global Oil and Gas telecommunication sector. If you continue to use this site we will assume that you are happy with it. A recent profits warning talked of a significantly depressed EBITDA of some $145 million or so (down from an anticipated $165 million previously supplied) for this trading year. In the first half of FY 2019 Speedcast reported a 17.3% increase in revenue to $357.6 million. For FY 2017 Speedcast delivered total revenue of US$514.2 million and earnings before interest, tax, depreciation, and amortisation (EBITDA) of US$122.6 million. Throughput record* *Recorded on the Carnival Horizon, July 2018. Speed was a sports-oriented cable and satellite television network that was owned by the Fox Sports Media Group division of 21st Century Fox.The network was dedicated to motorsports programming, including auto racing, as well as automotive-focused programs.. Speedcast’s operations, activities and financial performance and position as at 31 December 2018. 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