TA Associates Adds On Australian Satellite Company
June 05, 2013
TA Associates has partnered with portfolio company SpeedCast to acquire Pactel International, an Australian satellite company. Based in Sydney, Pactel supplies satellite connectivity throughout the Asia-Pacific region. Offerings range from commercial and corporate to carrier-grade networks that support services like Internet, private WAN, telephony, and voice and mobile GSM. TA Associates acquired SpeedCast, a Hong Kong-based communications company, as a platform in 2012, with a plan to execute a consolidation strategy in the Asia-Pacific satellite communications industry.