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News & Press: Member News

Eutelsat Sells Maritime Subsidiary to SpeedCast

Tuesday, August 09, 2016   (0 Comments)
Posted by: Via Satellite
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Eutelsat has signed an agreement with SpeedCast International whereby SpeedCast will acquire Eutelsat’s 70 percent stake in Wins Limited for a consideration based on a total enterprise value of approximately 60 million euros ($66.5 million). Held through Skylogic, Eutelsat’s wholly-owned subsidiary, Wins is a provider of maritime connectivity services to passenger vessels in the Mediterranean region. Wins also provides principally L-band connectivity and VSAT solutions to merchant vessels through its German subsidiary DH-Intercom.

Read the full story at satellitetoday.com.


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