North Shields’ Satcom Global eyes international growth with Santander UK backing

A satellite communications firm is targeting increased revenues on the back of international growth following eight-figure backing.

Satcom Global is rolling out new technology after Santander UK support.

Bosses at the North Shields firm say the boost will catalyse global use of its AuraNow VSAT platform, which it says provides “unprecedented” levels of service flexibility to maritime users.

And they believe the rise in demand will deliver as much as 30 per cent higher revenues in 2024.

Ian Robinson, Satcom Global chief executive, said: “This funding allows us to pursue our ambitious plans for global expansion and growth into new markets with our continued investment in the development of our innovative technology platforms and broadband satellite services.”

The company’s technology is also used by cargo ships and fishing fleets, to deliver connections in remote locations where conventional phone coverage is unavailable, and it supplies satellite phones to emergency services and aid organisations.

Laura Moorhouse, Santander UK relationship director, added: “We are delighted to support Satcom Global’s international growth plans.

“The business is a brilliant representation of the invention and technical excellence found within the business community in the North East.”