Updated on July 13:
PARIS — Speedcast International has been a go-to company for mergers and acquisitions in the satellite services industry in recent years, its latest being the purchase of Harris CapRock.
The company says its increased size is a prime reason its EBITDA margin has grown from 11% in 2011 to 19% in 2016.
Industry consensus is that there are still too many service providers, especially given that some satellite fleet operators, notably SES, are moving into their territory in search for growth.
To view the entire article, become a subscriber!