EQT-Backed SatPort Acquires Speedcast’s Satellite Infrastructure Business

Paul, Weiss advised EQT portfolio company SatPort Infrastructure on its carve-out acquisition of Speedcast’s satellite ground infrastructure business. Under the terms of the transaction, a leading carrier-neutral ground infrastructure platform, acquired 12 teleports in 11 countries on five continents. Teleports host the terrestrial antennas and other infrastructure that enable data transmission between Earth and orbiting satellites. More than 100 employees also joined SatPort, and the communications provider will remain a SatPort customer under a new long-term infrastructure services agreement. Financial details were not disclosed.

The acquisition builds on SatPort’s global build-to-suit agreement with Telesat, on which Paul, Weiss also advised.

The Paul, Weiss team was led by corporate partners Ravi Purohit, Tom Levine and Michael Spirtos, and included partner Steven Kaye; tax partner Lindsay Parks; executive compensation partner Rebecca Coccaro; litigation partner John Carlin and counsel Joshua Thompson and Audrey Paquet; real estate partner Peter Fisch; antitrust partner Nicole Kar; intellectual property counsel Georgina Hoy and Matthew Rosenberg; and environmental counsel William O’Brien.