4iG to acquire a majority stake Spacecom.

4iG, a Hungarian information technology and telecommunications company, agreed to acquire a majority stake Spacecom, the Israel-based satellite services provider and owner-operator of the AMOS satellite fleet. Financial terms were not disclosed. “The entrance of Hungary’s 4iG as owners will assist us in executing our strategic program, whose key point is changing from being a satellite capacity supplier to becoming a supplier of communication services over satellite. Among these are managed services, end-to-end services, and provision of advanced solutions in the communication value chain such as the planning, deployment, and operation of satellite communication networks. 4iG’s capital infusion into the company drastically improves our economic strength and abilities to meet future obligations,” Dan Zajicek, Spacecom CEO.