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Hungary's 4iG acquires majority stake in Spacecom

Tuesday 12 October 2021 | 17:08 CET | News
Spacecom, the satellite services provider and owner-operator of the AMOS satellite fleet, announced that it and Hungary's 4iG entered an agreement under which 4iG will acquire a majority stake (51%) in Spacecom, through a private share placement. The transaction of USD 68 million represents a 50 percent premium over the average USD 2.6 price per share from the last six months trading average on the Tel Aviv Stock Exchange.

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Categories: Broadcast & Satellite
Companies: 4iG / Spacecom
Countries: Eastern Europe / Europe / Hungary / Israel
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