Speedcast Is Said to Mull Breakup, Sale of Ground Stations Unit

Speedcast, a provider of satellite communications and information technology services, is considering a sale of its ground stations business for more than $1 billion, people with knowledge of the matter said.

The company, which is backed by private investment firm Centerbridge Partners, is working with an adviser to look at options for the business, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Speedcast plans three separate auctions for its services, infrastructure and government agencies businesses, they added.

Representatives for Speedcast and Centerbridge declined to comment.

Houston-based Speedcast sells remote communications ...