Ship owners are increasingly relegating geostationary satellites to the backseat and turning to low Earth orbit networks for primary communications at sea, according to a panel of multi-orbit maritime service providers.

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A plan floated by military agencies to interconnect commercial and government satellite networks into a “hybrid” space architecture seems impractical, industry executives said.

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Remote communications provider Speedcast has become the first company to sign a distribution deal to resell SpaceX’s Starlink broadband services to enterprise and maritime customers.

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Remote communications provider Speedcast is preparing to buy another sizable chunk of satellite capacity as demand soars beyond pre-pandemic levels.

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Demand for satellite communications has outstripped supply in markets recovering from the pandemic, according to satcoms provider Speedcast CEO Joe Spytek.

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It’s been 20 years since the last big round of satellite bankruptcies. With Intelsat, OneWeb, Speedcast, and Global Eagle filing for bankruptcy, and several others teetering, 2020 will be known as the new year of reckoning for many satellite companies.

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In his first interview as Speedcast CEO, Joe Spytek speaks with SpaceNews about exiting Chapter 11 bankruptcy and the company’s next steps.

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Satellite communications provider Speedcast emerged Thursday from nearly a year in Chapter 11 bankruptcy protection under private equity ownership.

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Satellite communications provider Speedcast is scheduled to emerge from Chapter 11 bankruptcy by March 31 after winning approval to reorganize under a new owner, private Equity firm Centerbridge Partners.  

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Satellite communications provider Speedcast is seeking to sell itself to one of its largest debt holders as a means of exiting Chapter 11 bankruptcy protection.

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Rationalization of the startup landscape and the right sizing of company balance sheets is inevitable, paving the way for “Space 3.0,” which will see the profitable and sustainable exploitation of entirely new market opportunities, backed by a growing base of enlightened stakeholders.

The post Op-ed | An unexpected effect: the industry’s recent challenges prove the importance of space appeared first on SpaceNews.

The coronavirus pandemic is making it harder for Iridium to line up customers for its recently upgraded satellite constellation, but isn’t expected to reverse the company’s six-year annual growth streak, according to CEO Matt Desch.

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Speedcast International, a network services provider leasing capacity on more than 80 satellites, filed for Chapter 11 bankruptcy protection April 23, citing weakness in the cruise and oil markets. 

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For consumer adoption of broadband from satellites in low or medium Earth orbits, inexpensive flat-panel antennas are “critical,” said Pradman Kaul, Hughes Network Systems president and CEO.

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Fleet operator ABS expects to wait until 2021 before planning additional satellites.

The post No near-term satellite orders for ABS • Amazon joins SIA • Speedcast, Australian Space Agency team up appeared first on SpaceNews.

Satellite communications providers are forming partnerships, making acquisitions and developing new business models in anticipation of new satellite constellations and surging demand for data links.

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Satellite communications provider Speedcast is purchasing Globecomm for $135 million in cash and debt, further expanding the company’s presence in the defense market.

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Speedcast’s revenues more than doubled in 2017 as the satellite network operator began leveraging its acquisitions of U.S. companies Harris CapRock and UltiSat.

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The requirement for higher and higher bandwidth will remain the major driver shaping future satellite infrastructure and services in the next five years, according to Mark Dankberg, chairman and CEO of Viasat.

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WASHINGTON — Satellite connectivity provider Speedcast of Australia is buying UltiSat, a U.S. satellite network operator whose teleport is in Denmark, for at least $65 million, Speedcast announced Sunday night. […]

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Satellite communications network service provider SpeedCast of Hong Kong on Nov. 1 said it would purchase competitor Harris CapRock in an all-cash transaction valued at $425 million.

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Harris Corp. has put its CapRock maritime satellite services division on the sales bloc after concluding that the business will drop another 25 percent. Globecomm is also said to be up for sale.

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Satellite fleet operator Eutelsat on Aug. 8 said it had sold its 70 percent stake in maritime satellite communications provider WINS Ltd to SpeedCast International for 60 million euros ($66.9 million) in cash.

The deal is the latest in the long-expected consolidation of the maritime satellite communications market and comes just a week after Apax Partners-owned Marlink announced the acquisition of Telemar.

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