Aug 28 (Reuters) - SpeedCast International Ltd SDA.AX :
* SPEEDCAST TO ACQUIRE GLOBECOMM
* DEAL FOR US$135 MILLION
* DEAL TO BE FUNDED BY FULLY UNDERWRITTEN US$175 MILLION ADD-ON TO CO'S EXISTING 7‐YEAR SENIOR SECURED CREDIT FACILITY
* ESTIMATES IT WILL GENERATE OVER US$15 MILLION IN ANNUAL COST SYNERGIES WITHIN 18 MONTHS AFTER ACQUISITION