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Announced

4iG to acquire a majority stake Spacecom.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Satellite

telecommunications

Pending

Israel

Single Bidder

Private

Majority

Acquisition

Cross Border

Synopsis

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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.

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