EQT Acquires Speedcast's Satellite Ground Infrastructure

• •EQT Infrastructure VI acquired Speedcast's teleport business, enhancing SatPort's global reach.
• •The acquisition includes 12 teleports across 11 countries, supporting satellite operators and governments.
• •Speedcast will remain a customer under a new long-term services agreement.

EQT Infrastructure VI has completed the acquisition of Speedcast's teleport infrastructure business, which includes 12 teleports across 11 countries and five continents. This acquisition positions SatPort Infrastructure as a global, carrier-neutral platform for satellite operators and governments. Speedcast will continue to utilize these services under a long-term agreement. The deal follows a prior agreement with Telesat to expand the Telesat Lightspeed ground network. The satellite industry is experiencing significant growth, with revenues projected to reach USD 145 billion by 2035, driven by the deployment of low Earth orbit (LEO) satellites. SatPort aims to provide secure and resilient ground infrastructure for various satellite constellations, enhancing its global capabilities. The acquisition is seen as a strategic move to meet the increasing demand for satellite services.