SDA Share Price History
09 Jun, 2020
SpeedCast Communications, Inc. (DIP) -- Moody's assigns a Ba2 rating to SpeedCast Communication's $90 million new money DIP facility; the $90 million DIP roll-up loan is assigned a B1 rating given its subordination to the new money loan
Moody's Investors Service (Moody's) assigned a Ba2 rating on the $90 million Senior Secured Super-priority New Money Debtor-in-Possession (DIP) facility and B1 rating to the $90 million Senior Secured Super Priority Term Loan, DIP Roll-up (the DIP facilities) issued by SpeedCast Communications, Inc. (SpeedCast or the obligor). Today's rating on the DIP facility is being assigned on a "point-in-time" basis, will not be monitored going forward, and will have no outlook assigned to the rating.
08 Apr, 2020
Moody's Investors Service, ("Moody's") has today changed the ratings outlook to negative from stable for Connect Bidco Limited, the top-entity of the ring-fenced group that owns Inmarsat Limited after its acquisition in late 2019 by Connect Top Co Limited (a joint venture company formed by private equity groups Apax and Warburg Pincus alongside Canada's CPPIB and Ontario Teachers' Pension Plan Board) as well as for its rated subsidiaries. At the same time, Moody's has affirmed the B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) at Connect Bidco Limited.
02 Apr, 2020
Moody's Investors Service has downgraded Speedcast International Limited's Corporate Family Rating (CFR) and senior secured term loan rating to Ca from Caa1. "The downgrade reflects Speedcast's missed interest and principal amortization payment due 31 March 2020 and the forbearance agreement with its lenders, which we consider an event of default," says Sean Hwang, a Moody's Assistant Vice President and Analyst. On 2 April 2020, Speedcast announced that it had entered into a forbearance agreement with its secured term loan and revolving credit facility lenders.
19 Mar, 2020
Speedcast International Limited (ASX: SDA), the world's most trusted provider of remote communication and IT solutions, announced that the company was honored by the Mobile Satellite Users Association (MSUA) with the "Top Connected Mobile Platform Innovation" award for its SIGMA network management platform.
Moody's Investors Service has downgraded to Caa1 from B3 Speedcast International Limited's corporate family and senior secured term loan ratings. "The downgrade reflects our expectation that the coronavirus outbreak will significantly hurt the demand for Speedcast's services, and further exacerbate its already weak earnings and liquidity," says Sean Hwang, a Moody's Analyst. More specifically, the cruise and energy industries -- two important end markets for Speedcast -- have been significantly hurt by the spread of the coronavirus, given the significant drops in cruise passenger volumes and oil and gas prices.
06 Mar, 2020
Speedcast International Limited (ASX: SDA), the world's most trusted communications and IT services provider, has launched an advanced software-defined wide area network (SD-WAN) solution that seamlessly blends satellite, LTE, wireless, and fiber technologies. Designed for onshore and offshore users, the solution provides customers with high performance and dynamic access to applications across networks, with greater ease of use and lower cost than traditional network management systems.
05 Feb, 2020
Speedcast International Limited -- Moody's downgrades Speedcast International's ratings to B3; outlook remains negative
Moody's Investors Service has downgraded to B3 from B2 Speedcast International Limited's corporate family and senior secured term loan ratings. "The downgrade of Speedcast's ratings mainly reflects the continued weakening in the company's operating performance, as highlighted by its repeated earnings guidance misses," says Sean Hwang, a Moody's Analyst. On 3 February 2020, Speedcast announced that its EBITDA for 2019 would be around 10% below its previous guidance of $140-$150 million.
28 Jan, 2020
Speedcast, the world's most trusted provider of remote communications and IT services (ASX: SDA), announced today that is has been awarded a 12-month contract with the second largest mobile operator in Mexico. Speedcast's fully managed, end-to-end cellular backhaul solution will help the mobile operator expand its network and provide connectivity to sites where other type of communication is unavailable.
07 Jan, 2020
Speedcast, the world's most trusted provider of remote communication and IT solutions (ASX: SDA), announced today that it has been awarded a US$3 million project to modernize the network infrastructure of Norfolk Island Telecom in Australia. Speedcast has partnered with Blue Arcus Technologies, a leading supplier of turnkey network solutions, to provide Norfolk Island Telecom with a cutting-edge 4G LTE mobile network, associated support systems, and PSTN soft-switch with fibre backhaul and multi-service access nodes. Using Speedcast's 4G LTE network infrastructure and satellite backhaul solutions, the operator is empowered to deliver faster broadband speeds and enhanced mobile services.
16 Dec, 2019
Even the best investor on earth makes unsuccessful investments. But serious investors should think long and hard about...
12 Dec, 2019
Speedcast International Limited (ASX: SDA), the world's most trusted provider of highly-reliable, fully-managed, remote communication and IT solutions, has completed installation and commissioning of connectivity services for a leading iron ore producer in remote Western Australia. The 130Mbps service meets the site's increasing requirement for data connectivity to optimize mining operations and support crew welfare at the +300-worker site.
03 Dec, 2019
Half Year 2019 SpeedCast International Ltd Earnings Call
28 Nov, 2019
Speedcast Wins Fully-Managed Communications and Value-Added Services Contract with Aurora Expeditions
Speedcast International Limited (ASX: SDA), the world's most trusted provider of remote communication and IT solutions, announced the company has been awarded a new multi-year communications and value-added services contract with Aurora Expeditions for the Greg Mortimer expedition ship, including live TV, Speedcast TV on Demand with custom radio streaming and PressReader digital newspapers and magazines.
06 Nov, 2019
NBN Co Launches Groundbreaking Business Satellite Service Created, Designed and Managed by Speedcast
SYDNEY, Nov. 6, 2019 /PRNewswire/ -- Speedcast, the world's most trusted provider of highly-reliable, fully-managed, remote communication and IT solutions, announced today that Australian government-owned infrastructure provider NBN Co is now delivering satellite services in collaboration with Speedcast to business and government users across regional and remote parts of the country. NBN Co's new Business Satellite Service (BSS) leverages an extensive network designed, built and managed by Speedcast Managed Services, with access to up to 58 beams from 10 gateways, two data centres, and a network operations centre powering the company's new high-data internet and IoT service offerings.
24 Oct, 2019
Fleet of 40 Vessels Will Employ Enhanced VSAT Connectivity, Iridium Certus Back-Up Solution and Onboard Network Management Via SIGMA Gateway BERGEN, Norway , Oct. 24, 2019 /PRNewswire/ -- Speedcast International ...
23 Oct, 2019
Philippine Government and UNDP Select Speedcast to Provide Digital Inclusion Connectivity to 3,000 Sites
SYDNEY, Oct. 22, 2019 /PRNewswire/ -- Speedcast International Limited (SDA.AX), the world's most trusted provider of highly-reliable, fully-managed, remote communication and IT solutions, has signed an agreement with the United Nations Development Program (UNDP) in support of the Department of Information and Communications Technology (DICT) of the Philippine government in order to bring internet connectivity and public Wi-Fi services to 3,000 remote areas across 11 regions in the Philippines. With an initial 23-month commitment, the initial contract term has a value of US$14.4 million, renewable for an additional two more years of service.
26 Sep, 2019
BASRA, Iraq, Sept. 26, 2019 /PRNewswire/ -- Speedcast International Limited (SDA.AX), the world's most trusted provider of remote communication and IT solutions, today announced that the company has been awarded a new multi-year contract with an Oil & Gas engineering services customer for fully managed internet services and IT support across the company's base in Iraq. This company is an existing customer of Speedcast in EMEA that, with this new contract, is extending the scope of services that Speedcast will deliver. This new solution will supply the main base camp in Basra, Iraq with high-speed fibre internet and backup, as well as 24x7 on-site IT maintenance and troubleshooting support.
23 Sep, 2019
VSAT Stellar Award Recognizes Speedcast's Significant Contributions Towards the Satellite Industry and the Evolution of VSAT and Satellite Applications in the Past Year SYDNEY , Sept. 23, 2019 /PRNewswire/ ...
19 Sep, 2019
MUMBAI, India, Sept. 19, 2019 /PRNewswire/ -- Speedcast International Limited (SDA.AX), the world's most trusted provider of remote communication and IT solutions, and India's fastest growing VSAT service provider Nelco Limited, a Tata Enterprise, have been awarded a new contract to deliver satellite communications onboard a leading Indian Cruise line catering to the Indian domestic and international cruise markets. The leading Indian Cruise line offers a rich experience of Indian culture, hospitality and cuisine to domestic and international travelers.