[April 23, 2013] SpeedCast to acquire Pactel International Tweet Apr 23, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- SpeedCast Limited, a Hong Kong-based provider of network and satellite communications services, has agreed to acquire Pactel International, an Australia-based provider of satellite communications services. The closing of the transaction is subject to regulatory approval. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2013-04-22 Deal Participants Target (Company) Pactel International Acquirer (Company) SpeedCast Limited Deal Rationale The acquisition will consolidate SpeedCast's leadership position in the Asia-Pacific region and provide SpeedCast with an expanded presence in Australia and the Pacific. [ Back To TMCnet.com's Homepage ]