ST Engineering, positioning satcom in the heart of 5G, to buy Europe’s Newtec for $286 million

by Peter B. de Selding

UPDATE March 29: This story was updated to include comments by customer Panasonic Avionics.

PARIS — ST Engineering’s proposed $286-million purchase of satcom ground hardware provider Newtec of Belgium is about as clear an endorsement of the promise of satcom in a 5G world as the satellite industry is likely to get.

Singapore-based ST, which already owns VT iDirect, is paying 14.6 times Newtec’s EBITDA for the year ending Sept. 30, and 2.7 times that year’s revenue . . .

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