Updated on July 13:
PARIS — Speedcast International has been a go-to company for mergers and acquisitions in the satellite services industry in recent years, its latest being the purchase of Harris CapRock.
The company says its increased size is a prime reason its EBITDA margin has grown from 11% in 2011 to 19% in 2016.
Industry consensus is that there are still too many service providers, especially given that some satellite fleet operators, notably SES, are moving into their territory in search for growth.
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