13th Jun 2016 06:12
LONDON (Alliance News) - Inmarsat PLC on Monday said it has entered a strategic partnership with Australia-based satellite services provider SpeedCast International Ltd to deliver Inmarsat's Fleet Xpress maritime broadband service.
Under the partnership SpeedCast will integrate the Fleet Xpress service within its own maritime services portfolio, and over the next five years will roll out Fleet Xpress to around 2,000 vessels.
Inmarsat said the two-way partnership will enable Inmarsat to use SpeedCast's "unrivalled" global Ku-band satellite network for its Xpress link customers.
"This new agreement with SpeedCast also significantly strengthens Inmarsat's position in the global maritime business; a sector in which we have been the Maritime connectivity leader for over 35 years, and this sector will continue to be an important focus for us," said Inmarsat Chief Executive Officer Rupert Pearce in a statement.
Financial details of the partnership were not disclosed.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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