Speedcast Sells Teleport Infrastructure Business to SatPort Infrastructure

Speedcast, a leading connectivity, IT services and edge intelligence provider for remote operations, announced today that it has completed the sale of its teleport infrastructure business to SatPort Infrastructure (“SatPort”), a leading carrier-neutral ground infrastructure platform provider backed by EQT Infrastructure, part of global investment firm EQT, accelerating Speedcast’s transformation from connectivity provider to AI-enabled network and edge intelligence company.

This transaction streamlines Speedcast’s operations through a more asset-light model, giving the business added flexibility to respond to customer needs while sharpening the company’s strategic focus and prioritization of resources toward its core objectives, including development and enhancements of its SIGMA intelligent edge network management platform. With LEO constellations and edge computing opening new possibilities for remote operations, demand is growing to pair LEO services with SIGMA as a fully managed, future-proof connectivity solution. SIGMA is built to keep pace, enabling streamlined rollouts to tens of thousands of edge devices and automation at scale.

“The completion of this transaction positions Speedcast to continue to benefit from reliable, world-class ground infrastructure, while allowing us to focus on delivering our core connectivity services and innovating for customers through development of our SIGMA intelligent edge platform, which will be integral to remote operations as digitalization trends surge and operators race to put AI at the edge,” said Ross Rosenberg, Chief Executive Officer at Speedcast. “SIGMA helps customers turn remote operational data into actionable insights and enables us to expand our position as a leading connectivity and edge intelligence partner in an industry being reshaped by low Earth orbit satellite constellations.”

This story was originally published by The Maritime Executive. Read the full story at The Maritime Executive →