4iG and Antenna Hungaria-backed Hungaro DigiTel to acquire a 51% stake in Spacecom for $68m.

4iG and Antenna Hungaria- backed Hungaro DigiTel, a satellite communications operator, agreed to acquire a 51% stake in Spacecom, an Israeli communications satellite operator, for $68m. “We look forward to working with Spacecom’s management, which will open up new business opportunities for both companies in the telecommunications and space industries. I am confident that the shareholders of Spacecom will also welcome us at the extraordinary general meeting of the Company. We want to be present in the company as a long-term professional investor, and we have a strong growth strategy in the field of telecommunications and space telecommunications.We will also dedicate an important role to Spacecom in the development and operation of the first Hungarian commercial satellite, to be launched by our subsidiary CarpathiaSat, in which we count on the company's decades of experience, as well as the expertise of the employees working there,” Gellért Jászai, 4iG President and CEO.