Hong Kong-based AsiaSat is to sell off its broadband-by-satellite division Speedcast.

Launched in 1999 SpeedCast has used AsiaSat satellite capacity to serve more than thirty Asian countries with broadband connectivity.

TA Associates, a private equity firm, is financing the buyout. Terms were not revealed.

SpeedCast says it has some 150 retail and wholesale partners, and will continue to use AsiaSat capacity.

Other posts by :

1. Analysis: Impact of AT&T on US telcos and cable
2. Bezos rocket production boosted
3. Musk delays Moon landing until 2027
4. Hughes Satellite facing cash crunch
5. Major banks support AST SpaceMobile
6. Fitch downgrades DirecTV debt
7. BBC: You’ll miss me when I’m gone
8. Some new US Starlink subs face $1,000 start-up fee
9. Project Kuiper beating OneWeb

Categories: Articles, Broadband, Business, DTH/Satellite, M&A