Speedcast, Carnival renew contract for fully managed communications

Speedcast International Limited (ASX: SDA), the world´s most trusted provider of remote communication and IT solutions, has announced that it has signed a new contract, with multi-year extension options, with Carnival Corporation (“Carnival”), the world´s largest leisure travel company, the company said.

Speedcast will provide remote communications and value-added services across the company´s global fleet of cruise ships. The three-year material contract is expected to generate 8-9% of expected full year 2019 revenue.

Speedcast has been delivering communications services to over 100 cruise ships across the various Carnival brands since 2013. With this new contract, Carnival increases its investment in communications, with bandwidth delivered to the fleet increased significantly in order to provide its guests with a high-quality Internet experience. Speedcast is leveraging 40 satellites, including High Throughput Satellites (HTS), across C-band, Ku-band and Ka-band spectrums and 20 teleports to deliver the largest dedicated maritime satellite network in the world.

Carnival Corporation & plc is the world´s largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of nine of the world´s cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Speedcast International is the largest provider of remote communications and IT services in the world. Speedcast´s fully managed service is delivered via a global, multi-access-technology, multi-band and multi-orbit network of 70+ satellites and an interconnecting global terrestrial network, bolstered by extensive on the ground local support from 40+ countries. Learn more at www.speedcast.com.