SatPort completes Speedcast teleport acquisition, adds 12 sites

SatPort Infrastructure finished its purchase of Speedcast’s teleport infrastructure business on Nov. 3, 2026. EQT Infrastructure and SatPort announced the completion from Stockholm, while Speedcast announced it from Houston the same day.

Twelve teleport sites in 11 countries across five continents joined SatPort’s network through the deal. SatPort described the sites as industry-leading teleport facilities that include terrestrial infrastructure and the teams operating them. The transaction brought more than 100 experienced professionals to SatPort.

Under a new long-term services agreement, Speedcast will keep using the teleports. The arrangement lets Speedcast’s managed connectivity solutions keep running on the transferred assets while SatPort owns them. Centerbridge Partners, L.P. still owns Speedcast’s core connectivity and managed services business after buying the company in March 2021.

Speedcast’s financial adviser was Guggenheim Securities, with Kirkland & Ellis on legal work, while EQT Infrastructure used Deutsche Bank for finances and Paul, Weiss, Rifkind, Wharton & Garrison for legal matters. Neither side disclosed the purchase price or other financial terms.

SatPort provides teleport and gateway infrastructure supporting LEO (low Earth orbit), MEO (medium Earth orbit) and geostationary constellations. Antennas and other physical infrastructure at teleports transmit data between Earth and satellites in orbit. Following the acquisition, SatPort functions as a carrier-neutral global platform for satellite operators, governments and enterprises.

This purchase follows a September 2026 agreement with Telesat to build landing stations for the Telesat Lightspeed constellation. EQT Infrastructure formed SatPort to finance and expand satellite ground infrastructure around the world, and this transaction draws on EQT Infrastructure VI.

EQT expects the Infrastructure VI fund to be 80% to 85% deployed after the deal. EQT will keep backing SatPort’s long-term network construction as satellite operator demand rises. Yahoo! Finance sees worldwide satellite revenue hitting USD 145bn by 2035.

Speedcast said the sale shifts it toward a more asset-light model and directs resources to its SIGMA intelligent edge platform. The change adds flexibility to respond to customer needs and sharpens strategic focus on core objectives. Speedcast serves more than 3,200 customers in over 140 countries.

Joe Spytek, SatPort’s chief executive officer, said ground infrastructure is becoming more important in worldwide telecommunications because non-geostationary orbit satellite constellations are driving greater demand. “This acquisition is a major step in SatPort’s journey toward building the world’s leading carrier-neutral ground infrastructure platform.”

Ross Rosenberg, Speedcast’s chief executive officer, said the deal lets Speedcast retain reliable ground infrastructure while focusing on core connectivity services and SIGMA innovation. Rosenberg added that SIGMA converts remote operational data into useful insights for customers. “SIGMA helps customers turn remote operational data into actionable insights.”

Carl Sjölund, an EQT Infrastructure partner, said independent specialized platforms serving many customers at scale will back the next phase of growth. “we believe the next phase of growth will be supported by independent, specialized infrastructure platforms.”

SatPort’s carrier-neutral model works for many satellite operators, governments and enterprise customers rather than tying infrastructure to a single constellation. Serving operators in LEO, MEO and geostationary orbits, SatPort lets customers concentrate on their constellations rather than constructing their own ground infrastructure. Customers under SatPort’s approach pay fixed operating costs across the asset lifecycle, avoiding capital burden and operational complexity.