SatPort Infrastructure, a satellite ground infrastructure company backed by EQT Infrastructure VI, has completed the acquisition of Speedcast’s teleport infrastructure business. The transaction adds 12 satellite ground stations across 11 countries and five continents, establishing SatPort as an operational global platform serving satellite operators, government agencies, and enterprise customers.
The acquired business includes more than 100 professionals who will join SatPort as part of the transaction.
Speedcast will remain a customer under a new long-term infrastructure services agreement, providing continuity for the acquired operations.
SatPort was established by EQT Infrastructure to develop and operate specialized satellite ground infrastructure for a growing global market.
Its business model focuses on providing carrier-neutral teleports and gateway facilities that support multiple satellite networks rather than operating satellite constellations directly.
These facilities provide the antennas, communications equipment, and supporting infrastructure required to transmit data between orbiting satellites and terrestrial networks.
SatPort supports low Earth orbit, medium Earth orbit, and geostationary satellite constellations.
The expansion of low Earth orbit satellite systems has increased demand for geographically distributed ground stations capable of supporting high-throughput communications networks.
SatPort aims to meet that demand by providing operators with access to secure ground infrastructure without requiring them to develop and manage every facility independently.
According to industry research cited by EQT, global satellite services revenue is expected to reach approximately $145 billion by 2035.
The Speedcast acquisition provides SatPort with an established international operating network and personnel experienced in managing satellite communications infrastructure.
The transaction also builds on a September 2026 agreement between SatPort and Telesat.
Under that arrangement, SatPort will develop, construct, and host landing stations supporting the Telesat Lightspeed low Earth orbit satellite constellation.
Telesat Lightspeed is designed to provide communications services to enterprise and government customers.
The combination of acquired facilities and new development commitments positions SatPort to support both existing satellite networks and future constellation deployments.
EQT Infrastructure intends to continue investing in SatPort’s development, expansion, and operational capabilities.
The investment firm views satellite ground infrastructure as an emerging category with characteristics similar to other communications infrastructure markets, including telecommunications towers, fiber networks, and data centers.
Following the transaction, EQT Infrastructure VI is expected to be approximately 80% to 85% invested, including applicable signed and completed commitments and expected syndication adjustments.
The acquisition strengthens SatPort’s ability to offer ground infrastructure across multiple regions and satellite orbits while supporting the broader expansion of global connectivity services.
KEY QUOTE:
“The satellite industry is undergoing a fundamental transformation, with rapidly growing constellations creating an unprecedented need for ground infrastructure. Just as we have seen in towers, fiber and data centers, we believe the next phase of growth will be supported by independent, specialized infrastructure platforms that can serve multiple customers at scale. With SatPort, we are building a global leader in this emerging infrastructure category. The acquisition of Speedcast’s teleport business is an important milestone in that journey, and we’re excited to support Joe and his team in realizing the significant opportunity ahead.”
Carl Sjölund, Partner At EQT Infrastructure
“With this acquisition, SatPort has built a platform with the global network and operational expertise to provide tailored ground infrastructure for operators in any orbit. With long-term backing from EQT Infrastructure, we’re excited to continue growing the platform to serve the next generation of satellite operators as they scale worldwide, allowing our customers to focus on their constellations while we take care of the infrastructure on the ground.”
Joe Spytek, Chief Executive Officer Of SatPort Infrastructure
