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The transaction value for 4iG’s acquisition of a 51% stake in Spacecom is $68,000,000.
The Advanced Maui Optical and Space Surveillance Technologies (AMOS) Conference took place in Wailea, Hawaii on 2021-09-17.
Get SAT selected AMOS-17 to test its newest electronically steered antenna (ESA).
There is an approximately $9,000,000 extension of services agreement on AMOS-3 with Magyar Telekom of the Deutsche Telekom group.
Yes DTH, owner of an Israeli satellite TV broadcaster, agreed to buy capacity from Amos-7 and Amos-3 for another two years in a $14,000,000 deal.
4iG is an IT and communications company that aims to buy 51% of Spacecom to accelerate its international space ambitions.
Spacecom ordered a satellite called Amos-8 from Maxar Technologies in 2018 to replace Amos-6 but canceled the contract after Israel’s government decided the satellite would be built domestically.
Spacecom secured a $6,000,000 contract from a mobile operator in Africa.
The Yes DTH capacity agreement increases Yes DTH’s order backlog to $100,000,000 and includes extension options that could bring an additional $7,000,000 of revenue for Spacecom.
AsiaSat moved the spacecraft it had launched in 2014 from 105.5 degrees east to 4 degrees west to cover Africa, Europe, and the Middle East alongside Spacecom’s Amos-3 satellite.
Spacecom is negotiating with 4iG Plc. for 4iG to acquire a 51 percent majority stake in the Israel-based satellite services company.
Spacecom secured an extension to use AsiaSat-8 until 2024.
Spacecom will buy 9.3% of rural connectivity provider Nuran Wireless to strengthen its presence in Africa.
Spacecom announced a deal worth at least $8,600,000 to provide satellite broadcast capacity to Magyar Telekom from 4 degrees west until the end of 2024.
Spacecom reported a $38,000,000 extension of services with the Government of Israel.
Spacecom agreed to lease AsiaSat’s satellite AsiaSat-8, which Spacecom calls Amos-7, for an extra two years for an annual fee of $14,000,000.
Spacecom expects potential annual revenue from the NuRAN-related deals to be between $2,000,000 and $3,000,000 depending on the deals’ progress.
Spacecom offers a variety of telecom and mobile market services in Africa including designing, planning, operating, and managing advanced communication networks in addition to providing satellite capacity.
Spacecom is making a $3,200,000 investment in NuRAN Wireless and is acquiring 9.3% of NuRAN’s equity subject to the contract’s conditions.
4iG, the Hungary-based IT and communications company, is seeking to buy 51% of Spacecom for about $65,000,000.