Speedcast Announces CFIUS Approval for Globecomm Acquisition
Speedcast Announces CFIUS Approval for Globecomm Acquisition
London, Dec 6, 2018 AEST (ABN Newswire) - Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), the world's most trusted provider of remote communication and IT solutions, announced today that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the company's previously announced transaction with Globecomm Systems Inc.

Based upon its review, CFIUS has determined that there are no unresolved national security concerns with respect to the acquisition. Speedcast expects to complete the transaction in December 2018, subject to customary closing conditions. Speedcast will issue a further announcement when completion of the acquisition and associated financing occurs.


About Speedcast International Ltd

Speedcast InternationalSpeedcast International Ltd (ASX:SDA) is the world's largest remote communications and IT services provider. The company delivers critical communications solutions through its multi-access technology, multi-band and multi-orbit network of 80+ satellites and an interconnecting global terrestrial network, bolstered by extensive local support from 40+ countries. Speedcast is uniquely positioned as a strategic partner, tailoring communications, IT and digital solutions to meet customer needs and enable business transformation. The company provides managed information services with differentiated technology offerings, including cybersecurity, crew welfare, content solutions, data and voice applications, IoT solutions and network systems integration services. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, Humanitarian and Government. Learn more at Speedcast.

     


Contact

Toni Lee Rudnicki
Vice President, Global Marketing
Speedcast International Ltd
E: tonilee.rudnicki@speedcast.com
T: +1-832-668-2634



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