To build a global maritime VSAT service for China Market
Hong Kong, April 20, 2016 - SpeedCast International Limited (ASX: SDA), a leading global satellite communications and network service provider, and Beijing Marine Communications and Navigation Co. Ltd (‘MCN’), a subsidiary of the China Transport Telecommunications & Information Centre (‘CTTIC’), have signed a Memorandum of Understanding for Strategic Cooperation (‘MOU’).
Under the MOU, MCN and SpeedCast will form a strategic partnership by integrating MCN’s VSAT network in Asia Pacific and SpeedCast’s global VSAT networks to provide global connectivity to the maritime industry. This partnership will provide seamless connectivity for both MCN and SpeedCast customers wherever they are, as well as providing a wide portfolio of applications enhancing productivity, crew welfare and safety. SpeedCast will assist MCN to expand its infrastructure to provide service coverage in the South China Sea, which will be integrated to SpeedCast’s global network. MCN will also be able to leverage SpeedCast’s extensive network of field engineers located in key ports around the world.
“We are thrilled about establishing this strategic partnership with MCN,” commented Mr. Pierre-Jean Beylier, CEO of SpeedCast. “MCN has a strong leadership position in the Chinese market and together we will be able to provide high quality broadband services to their customers globally. This partnership may also expand into other mobility markets where both companies will be able to leverage each other’s strengths.”
Mr. Song Zeng, Deputy Director General, CTTIC said; “partnering with SpeedCast not only extends our VSAT service network globally, but we are also able to leverage SpeedCast’s deep technical know-how and extensive experience to provide world class services and connectivity to our customers no matter where they are.”
“With our 24/7 service desk in Hong Kong, SpeedCast is well positioned and very happy to contribute to the future development of China maritime VSATs for market,” added Mr. Beylier.