Speedcast International Limited announced that it has received AUD 500 million in funding from Centerbridge Partners, L.P.

Speedcast International Limited is an Australia-based satellite services provider. The Company offers a range of products and services, such as network service, value added services, equipment sales and wholesale Voice over Internet Protocol (VoIP). Network service includes design, deployment, operation and maintenance of networks, including installation and configuration of equipment. Value added services include user applications (voice, video conferencing and video surveillance), network optimization (firewalls, filtering, data compression) and networking monitoring and management. The Company sells equipment directly to customers, including the very small aperture terminal (VSAT) that sends and receives transmitted data, modems, router and other types of equipment related to the provisioning of value-added services. The Company sells wholesale VoIP to telecom customers through the sale of voice minutes on a wholesale basis, which are then resold to the end user.