Speedcast Wins Contract for Fully-Managed Communications with Fred. Olsen Windcarrier

Jan. 29, 2019

Speedcast International Limited (ASX: SDA), the world's most trusted provider of remote communication and IT solutions, announced today that the company has been awarded a new multi-year, fully-managed communications contract with Fred. Olsen Windcarrier, an entity of Bonheur ASA providing jack-up vessels used for offshore wind farm construction.

Speedcast serves Fred. Olsen related companies on a global scale in both the Cruise and Energy segments, and the two companies have been partners for over three years. This new contract will provide a unique communications solution onboard Fred. Olsen Windcarrier's two offshore assets, Brave Tern and Bold Tern, combining VSAT and 4G/LTE to deliver data and voice services for corporate, operator and crew welfare networks. In addition, Speedcast will deploy an SD-WAN solution integrating multiple carriers seamlessly to deliver the best available connectivity and maximum network efficiency at all times.

"We look forward to serving as the trusted communications provider on Fred. Olsen Windcarrier's jack-up installation vessels for the wind energy market," says Keith Johnson, Speedcast's EVP of Energy. "Our partnership has been strong in the Cruise and Energy drilling segments for years. We have made significant investments in our robust, multi-access network technology and performance optimization solutions and both will be used onboard these jack-ups to provide reliable, secure connectivity for both Fred. Olsen Windcarrier and other onboard operators' personnel. As one of our most valued global customers, we are proud to continue adding services throughout Fred. Olsen related companies' diverse set of assets and building our customer base in other subsegments such as wind energy."

"The Fred. Olsen related companies' relationship with Speedcast is a critical component of our daily operations in multiple business segments," says Svein Bjørnstad, CIO Fred Olsen & Co. "We have worked together on IT solutions and fully-managed communications onboard our drilling vessels and cruise ships for a number of years, and Speedcast's trusted global network will now give us the multi-carrier solution we need in the dynamic, growing market where Fred. Olsen Windcarrier operates."