Speedcast International Ltd (ASX:SDA) Acquisition of WINS Ltd From Eutelsat Communications SA (EPA:ETL) and Equity Raising
SpeedCast (ASX:SDA) today announces the acquisition of WINS Limited ("WINS") from Eutelsat Communications (EPA:ETL) (OTCMKTS:ETCMY) (OTCMKTS:EUTLF) and Maltasat for all-cash consideration of EUR 60.0 million (USD 66.9 million),1 and an equity raising of at least AUD 62.1 million (USD 47.2 million)2 to partially fund this acquisition.