A new firm launched this week to provide financing for telecommunications equipment. Named SatLease Capital, the company is focused on serving both maritime and land enterprise customers by generating satellite equipment leasing transactions.

SatLease Capital will aim to fill a void in the current market by offering a satellite-as-a-service solution for satellite service providers.

“We recognized that there was a growing need not being met in the market,” Erwan Emilian, chairman of SatLease Capital, said. “We’ve assembled an elite squad with global satellite and finance experience and expertise second to none and have already started to finance both land-based and maritime satellite telecom equipment needs for customers around the world.”

SatLease Capital will allow end-users to make fixed, regular payments instead of having to capitalize a large equipment purchase upfront. Additionally, the company will allow any scheduled replacements or technology upgrades to be included in its leases.