At a glance
- Speedcast will stay on as a customer under a new long-term infrastructure services agreement, and terms of the transaction were not disclosed.
- For allocators, the question is how much of SatPort's revenue the Speedcast contract represents and how many years it runs.
- SatPort was formed by EQT Infrastructure to provide ground infrastructure for satellite constellations, offering build-to-suit teleport and gateway sites for LEO, MEO and GEO operators.
SatPort Infrastructure has completed its purchase of Speedcast's teleport business, adding 12 teleports in 11 countries across five continents and more than 100 staff to EQT Infrastructure's ground-segment platform.
Speedcast will stay on as a customer under a new long-term infrastructure services agreement, and terms of the transaction were not disclosed.
For allocators, the question is how much of SatPort's revenue the Speedcast contract represents and how many years it runs. A seller that stays on as a customer converts a dozen acquired sites into contracted cash flow, while concentrating the platform's early revenue in one counterparty.
SatPort was formed by EQT Infrastructure to provide ground infrastructure for satellite constellations, offering build-to-suit teleport and gateway sites for LEO, MEO and GEO operators. It signed a build-to-suit agreement with Telesat in September 2026, as Private Infrastructure Daily previously reported. The Speedcast transaction adds operating sites and staff rather than new construction.
Carl Sjölund, a partner at EQT Infrastructure, said: "The satellite industry is undergoing a fundamental transformation, with rapidly growing constellations creating an unprecedented need for ground infrastructure." He drew the comparison with towers, fiber and data centers, arguing that growth in the ground segment will come from independent operators that serve many customers from the same sites.
Ross Rosenberg, Speedcast's chief executive, said the sale lets the company concentrate on its core connectivity services and on developing its SIGMA intelligent Edge platform. Five continents of antennas now sit inside a platform whose stated case to investors is multi-tenancy, the argument that has driven tower and data-center valuations.
The satellite industry is undergoing a fundamental transformation, with rapidly growing constellations creating an unprecedented need for ground infrastructure.Carl Sjölund, partner at EQT Infrastructure
Reported by the Data centers & fiber desk from Data Center Dynamics. Published . Corrections