Goodwin Procter advised SpeedCast International Limited (“SpeedCast”), a leading global satellite communications service provider, in its signed definitive agreement to acquire NewCom International (“NewCom”), a satellite communications service provider specializing in the South and Central American regions. The transaction is expected to close by the second quarter of 2016, subject to regulatory approvals.
SpeedCast International (ASX:SDA) is a leading global network and satellite communications service provider offering high-quality managed networks services in over 60 countries; and a global maritime network serving customers worldwide. Headquartered in Hong Kong, SpeedCast has over 4,000 links on land and at sea supporting mission critical applications. The acquisition of NewCom follows the establishment of SpeedCast’s presence in the Americas in 2014 with the opening of its Houston office, and further expansion into Washington, D.C. in 2015.
NewCom International is a global satellite and terrestrial communications provider and engineering firm headquartered in Miami, Florida. The company specializes in the design, implementation, operation and management of critical integrated voice, video, data, content and security solutions for government agencies, financial institutions, oil & mining companies, the maritime industry, ISPs, and other business sectors.
The Goodwin cross-border team was led by partner Yash Rana and associates Abhishek Krishnan and Ananth Lakshman (Private Equity), and included partners Albert Solecki (Employment), Jeffrey Simes (Arbitration), and Richard Matheny (OFAC and FCPA), and tax partner Howard Cubell.