SpeedCast Seeks Earth Station Transfers as Part of UltiSat Acquisition

SpeedCast Americas is seeking FCC International Bureau approval for a transfer of control of UltiSat's 17 earth stations in Alaska, Guam, Hawaii, Midway Island, Puerto Rico, Texas and Wake Island as part of its acquisition of UltiSat, said a filing Thursday. SpeedCast has announced plans to buy UltiSat for up to $100 million payable over two years, the amount depending on the financial performance of the company. It said it hopes to close on UltiSat in Q4, pending regulatory approvals, and UltiSat CEO Mohammed Abutaleb will lead SpeedCast Americas' new government division that will focus on communications offerings to government and international government organizations customers.