Regional satellite operator, the Hong Kong-based Asiasat (Asia Satellite Telecommunications Company) firm has sold its Speedcast services firm to TA Associates, a private equity firm. Speedcast offers communications services to Very Small Aperture Terminals (VSAT) and is expected to continue buying communications capacity on Asiasat satellites.. Asiasat decided to divest his part of its business to concentrate on its core business of offering capacity to the South East Asian region and Africa. The deal was worth just over $32 million.
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