Science
EQT Buys Speedcast’s Ground Stations Unit for $300 Million
Key Points
EXCLUSIVE Space EQT Buys Speedcast’s Ground Stations Unit for $300 Million Takeaways by Bloomberg AI EQT AB has acquired the ground stations unit of Speedcast, expanding its bet on satellite infrastructure as companies and governments race to build out their communications networks in space, the Swedish investment firm told Bloomberg News. EQT-owned satellite ground services platform SatPort Infrastructure bought the business for about $300 million, a person familiar with the matter said,...
EXCLUSIVE
Space
EQT Buys Speedcast’s Ground Stations Unit for $300 Million
Takeaways by Bloomberg AI
EQT AB has acquired the ground stations unit of Speedcast, expanding its bet on satellite infrastructure as companies and governments race to build out their communications networks in space, the Swedish investment firm told Bloomberg News.
EQT-owned satellite ground services platform SatPort Infrastructure bought the business for about $300 million, a person familiar with the matter said, asking not to be identified as the information isn’t public. Ground stations are infrastructure that communicate with satellites in space and establish a link with telecommunications services on the ground.