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Peraton to Provide Customers With Global Communications Connectivity Through OneWeb Distribution Partnership Agreement
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Peraton to Provide Customers With Global Communications Connectivity Through OneWeb Distribution Partnership Agreement
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OneWeb buys TrustComm for U.S. government focus
OneWeb, the Low Earth Orbit (LEO) satellite communications company that is part owned by the UK government, is looking to buy the US company TrustComm.
OneWeb says the acquisition of the Texas-based company – creating a US government-focused subsidiary – will enable it to offer its Low Earth Orbit (LEO) network and connectivity services to U.S. government clients.
“OneWeb’s acquisition of TrustComm underpins our strategy to rapidly scale satellite communications service to the U.S. Department of Defense and other government agencies as they look to integrate high throughput, low latency solutions to meet new connectivity demands,” said OneWeb’s Head of Government Services Dylan Browne. “We are excited to have TrustComm join our team and leverage their strong reputation providing the remote communications our customers want, particularly in Alaska and the Arctic.”
OneWeb to buy TrustComm | Light Reading
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OneWeb will acquire Texas-based managed satellite communications company
TrustComm, under the terms of a definitive agreement announced by the two companies on Monday. The Low-Earth Orbit (LEO) constellation operator said that the purpose of the acquisition was to open up channels to provide services to TrustComm’s U.S. government and enterprise clients.
Financial details of the transaction have yet to be revealed, but both parties expect to close the acquisition this year. Once completed, OneWeb said it would transform TrustComm into a proxy subsidiary, which would continue to be led by TrustComm’s current CEO Bob Roe.
The acquisition builds on an MoU the two companies signed just this past March, which named TrustComm as OneWeb’s U.S. government LEO services distribution partner. That same month, OneWeb successfully demonstrated turnkey satellite-based communications system to the DoD.