Network Innovations has acquired satellite services provider, Infosat Communications, from Telesat.
Terms of the deal weren't shared.
Founded in 1986, Infosat Communications is focused on distributing satellite connectivity to oil and gas, utility, and maritime customers in North America, particularly in Canada.
The first closing for the "vast majority" of the Infosat assets occurred on September 1. The rest of the deal will close in phases due to the required regulatory approvals.
Network Innovations’ co-CEO and group president, Derek Dawson, said: “We are honored that Telesat has selected Network Innovations for this transaction and we look forward to continuing to develop our relationship with this key satellite operator."
He continued: "Opportunities to acquire strong franchises and teams, such as those of Infosat Communications, rarely come along. Infosat’s expertise complements our own, especially with the diverse range of connectivity offerings including the latest LEO networks, and we are confident this acquisition will enhance the creation and delivery of reliable communication solutions and services to enterprise and maritime clients across North America.”
Established in 1989, Canada's Network Innovations provides connectivity integration services to governments as well as the marine, oil and gas, mining, utilities, and agriculture sectors.
SpaceNews reports Telesat CEO Dan Goldberg recently said the operator was considering selling a non-core business that makes annual revenue in the region of CAD$10 million (US$7.4 million).
In other recent satellite news:
- Viasat has been awarded a $153 million contract to modernize the US Army’s Blue Force Tracker (BFT) network.
- Gilat has secured more than $12m in orders from a 'major satellite operator' to expand its global SATCOM network using Gilat’s SkyEdge VSAT platforms.
- Ground station service provider Atlas Space Operations has raised $15M in a round led by NewSpace Capital to fund the expansion of its ground-station-as-a-service (GSaaS) offering.
Founded in 2015, Atlas' network comprises more than 50 antennas across more than 34 ground stations and provides for LEO, MEO, and GEO orbits.
- SES has signed a deal with Digicel Pacific to support critical communications in the event of natural disasters.
- Thaicom and Hughes are partnering. Thaicom's IPSTAR will provide satellite capacity services to Hughes in India.
- The Trinidad and Tobago Meteorological Service (TTMS) has started work for the installation of the GOES-16 satellite receiving ground station at the Synoptic Branch in Piarco.
