New licenses, facilities and staff bring advanced connectivity to meet energy demands in region
Riyadh, Saudi Arabia — May 16, 2023 — Speedcast, a leading communications and IT services provider, announced today that it has significantly expanded its presence in the Kingdom of Saudi Arabia, as major changes to the energy market expand opportunities for producers in the Middle East. Speedcast has long delivered communications services to customers through in-country partners. With requirements in Saudi Arabia and across the region increasing exponentially, Speedcast has made significant progress in this important market by securing its Internet Service Provider license from the CST. The company now intends to supplement this with additional licenses and permits, which will enable the operations and provisioning of services inside the Kingdom.
Speedcast’s new in-country teleport facility, which will include office and warehouse space, is under construction to host an iDirect hub, and the company is staffing up management and field services personnel to provide installation, operations and maintenance country-wide.
“Being licensed to deliver service in Saudi Arabia will add significant strength and flexibility to our efforts and allow us to serve our customers more effectively,” said Joe Spytek, CEO at Speedcast. “This milestone sets the stage for our expansion plans across the region to further meet demands with the rise in activity. This includes expanding our presence in key Middle East markets while investing in people and platforms locally to serve our valued customers there.”
Saudi Arabia is one of the world’s fastest-growing economies, driven by recent pro-business reforms and a rise in oil prices. The country is currently the world’s second leading oil producer and a top 10 producer of natural gas. Last year, Saudi Arabia’s public petroleum and natural gas company announced plans to double the number of drilling units offshore and on land by 2024.
For more on Speedcast’s communications services for the oil and gas sector, visit www.speedcast.com.
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About Speedcast
Speedcast is a leading communications and IT services provider, delivering critical communications services to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. The company leverages its global network platform to provide fully connected systems that harness technologies and applications to transform what remote operations can achieve. With the world’s most comprehensive network, 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 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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Speedcast Contact:
Alix Wright
SVP, Global Marketing and Communications
Alix.Wright@Speedcast.com
