2017 Annual Report to Shareholders
London, April 20, 2018 AEST (ABN Newswire) - Speedcast International Ltd (
ASX:SDA) provides the Company's 2017 Annual Report to shareholders.
CHAIRMAN'S LETTER
2017 was a transformative year for Speedcast as we became the largest remote communications services provider in the world, following the Harris CapRock transaction that closed on 1 January 2017. We drove the integration of Speedcast and Harris CapRock to build a platform with unmatched scale and capabilities - positioning our Group well for future growth in 2018 and beyond. As Company Chairman, it is my pleasure to present the Speedcast International Limited ('Speedcast') annual report.
Today Speedcast serves customers in more than 100 countries around the world. To keep ahead of the market and meet the needs of our customers we are changing our role from just being a satellite services provider to becoming a communications partner. We are a leading force on the global communications landscape making use of 70+ satellites and 40 teleports, fibre, and cellular networks, and the ability to customize end-to-end managed solutions - leading to strategic, long-term partnerships with our customers.
Despite a difficult operating environment in 2017, Speedcast significantly grew both revenue and EBITDA organically and acquisitively thanks to a sound growth plan, a talented team and focused execution. We made innovative moves to enhance our product portfolio and expanded our footprint and infrastructure to enable Speedcast to provide best-in-class services and support to our customers throughout 2018.
I would like to acknowledge the service of our Directors, staff and management team led by Mr. Pierre-Jean Beylier, our CEO, and thank them for their dedication to Speedcast. Thank you for your vision, leadership and your dedication to our team and company. Most of all I want to thank our customers for their trust and confidence in Speedcast to deliver the critical communications that are essential to their business operations.
As we head into 2018 we will continue to value feedback from our customers and employees to help build on the success of last year and generate profitable growth for our investors.
To view the full report, please visit:
http://abnnewswire.net/lnk/5LTIGFL7
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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