All verified mentions of this organization in source documents.
The Spacecom purchase of a 9.3% stake in Nuran Wireless is a $3,200,000 deal.
4iG, the Hungary-based IT and communications company, is seeking to buy 51% of Spacecom for about $65,000,000.
The deal is subject to Nuran Wireless and Spacecom agreeing on terms that would make Spacecom Nuran Wireless’s exclusive satellite capacity provider for future projects in Africa including 120 sites in Cameroon and 2,000 sites in Congo.
Spacecom is buying a 9.3% stake in Nuran Wireless.
The agreement between Spacecom and Nuran Wireless coincides with 4iG’s pursuit of a 51% stake in Spacecom for about $65,000,000.
Spacecom owns and operates the AMOS-3, AMOS-4, AMOS-7, and AMOS-17 satellites.
Spacecom has a contracted backlog of $300,000,000.
Spacecom provides services in Hungary and the region via the AMOS-3 satellite.
Spacecom reported revenues of $88,000,000 and EBITDA of $52,000,000 in 2020.
Spacecom operates four broadcast and broadband satellites that serve Africa, the Middle East, Asia, and Europe, including Hungary with Amos-3.
Spacecom had 65 employees and posted $88,000,000 in revenues for 2020.
4iG expects to pay $65,000,000 to buy the 51% stake in Spacecom.
Beijing Xinwei Technology Group nearly agreed to buy Spacecom in 2016 for around $285,000,000.
Spacecom had a contracted backlog of $300,000,000.
The proposed transaction to sell 51% of Spacecom to 4iG requires approval from Israel’s Communications Ministry and other regulatory bodies.
The 2016 plan for Beijing Xinwei Technology Group to buy Spacecom collapsed after a SpaceX launchpad explosion destroyed Spacecom’s Amos-6 satellite, even after the offer price fell to around $190,000,000.
Amos-6 was insured, and Spacecom lost anchor customers including Facebook after the Amos-6 explosion.
Tesat-Spacecom supplies optical inter-satellite links to U.S. companies building low-Earth-orbit constellations.
AMOS-Spacecom of Israel, Yahsat of the United Arab Emirates, and Geeks Without Frontiers are collaborating to identify areas of cooperation emerging from the Abraham Accords to deliver humanitarian satellite connectivity during the COVID-19 crisis in Africa.
AMOS-17 is an advanced digital tri-band satellite with a digital payload that offers extensive C-band HTS coverage, regional Ku-band coverage, and steerable Ka-band HTS beams.