Hungarian telecoms and ICT outfit 4iG has struck a new agreement on the conditions for its planned acquisition of a majority stake in Israeli satellite operator Spacecom which operates the Amos satellite constellation.
Via Spacecom’s public and private share issue, the Hungarian company group can now acquire a 20% stake in the Israeli company. Over the next three years, this can be increased by a further 31%, subject to approval by the Israeli Government and shareholders.
Spacecom, which listed on the Tel Aviv Stock Exchange, offers broadcast and broadband satellite services to customers worldwide. It provides coverage over Hungary and the neighbouring region wth the Amos 3 satellite, using the Hungarian geostationary orbit until 2024.
After this date, Hungary has the opportunity to gain control over its own orbit and frequency again. A national satellite company,…
