Speedcast on board with NBN

By Tom Lodewyke|12 February 2018

Speedcast has reached an agreement to provide managed satellite services for the National Broadband Network (NBN).

Firms: Bird & Bird (Speedcast); undisclosed (NBN Co Limited)

Deal: Speedcast reached an agreement to supply managed satellite services to NBN Co.

Value: $184 million

Area: Technology, media and telecommunications

Key players: The Bird & Bird team advising Speedcast was led by partner Thomas Jones, with support from senior associate Michael Stojanovic.

Deal significance: Speedcast is an ASX-listed communications and IT business. It recently reached a 10-year agreement to provide managed satellite services to NBN Co.

Advertisement
Advertisement

The deal is worth up to $184 million, according to a statement from Bird & Bird, which also advised Speedcast on its agreements with Gilat Satellite Networks to provide the underlying platform.

Speedcast’s wholly owned subsidiary Speedcast Managed Services will complement NBN Co’s existing Sky Muster services, said Bird & Bird partner Thomas Jones.

Under the deal, Speedcast, via its subsidiary Speedcast Managed Services, will work with NBN to design, build and manage NBN’s enterprise-grade satellite services,” he said.

“The services provided by Speedcast will enable NBN to complement its existing Sky Muster services and increase the availability of cost-effective enterprise-grade communications solutions for Australian business.

“It is Speedcast’s largest project (by value) to date and we’re delighted to have supported one of the firm’s key global clients on such an important matter.”

Speedcast on board with NBN
Intro image
lawyersweekly logo
Big Law

latest

Lawyer imprisoned for robbery struck off

Police commissioner told examiner to be lenient with Lawyer X

Barrister found guilty on 4 counts

New loan package to support WA’s Beyondie project