4 July 2016
SpeedCast International Limited announced the completion, on 1 July 2016, of the acquisition of ST Teleport in accordance with the terms of the Share Purchase Agreement signed on 12 November 2015. The acquisition, which was subject to Singapore regulatory approval, was completed for an initial consideration of SGD18.5M in cash. The consideration was funded by available cash and via the Group’s existing committed debt facilities.
