International law firm Bird & Bird has advised Speedcast International Limited (ASX: SDA) on a 10 year agreement valued at up to A$184 million to supply managed satellite services to NBN Co Limited (nbn). It also advised Speedcast on the agreements with Gilat Satellite Networks (NASDAQ:GILT) to supply the underlying platform.
Thomas Jones, a Partner in Bird & Bird's Sydney office, led the legal team advising Speedcast on this ground-breaking transaction, with support from Michael Stojanovic (Senior Associate).
Thomas Jones, Partner at Bird & Bird explains:
"Under the deal, Speedcast, via its subsidiary Speedcast Managed Services, will work with nbn to design, build and manage nbn's enterprise-grade satellite services. The services provided by Speedcast will enable nbn to complement its existing Sky Muster™ services and increase the availability of cost effective enterprise-grade communications solutions for Australian business. It is Speedcast's largest project (by value) to date and we're delighted to have supported one of the firm's key global clients on such an important matter."
Shane Barber, Bird & Bird's Managing Partner in Australia says: "As a firm, we are focused on working with innovative clients who are being shaped and transformed by the digital world. This project with Speedcast and nbn is an exemplary demonstration of our vision in practice."