Joins S&P ASX 200 Index
London, June 9, 2017 AEST (ABN Newswire) - SpeedCast International Limited (
ASX:SDA), the world's most trusted provider of highly reliable, fully managed, remote communication and IT solutions, is pleased to announce that Standard & Poor's Dow Jones Indices has added Speedcast to the S&P/ASX 200, effective after the close of market on 19 June 2017.
Speedcast listed on ASX in August 2014 at a market capitalisation of A$235.5 million.
Speedcast was added to the S&P/ASX 300 on 18 March 2016 and the company's continued expansion, including the acquisition of Harris Caprock in January 2017, has resulted in its market capitalisation increasing to over A$920 million.
About Speedcast International Ltd
Speedcast International Ltd (ASX:SDA) is the world's most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more at www.speedcast.com.
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