Skip to content
Pterodacty
  • Reinsurance News
  • Market Reaction
  • Business Articles
  • Google Business
  • Business News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap

Ministry mulls allowing Hungary’s 4iG to buy 20% of Spacecom

  • Home
  • Ministry mulls allowing Hungary’s 4iG to buy 20% of Spacecom
By: magenet Posted on August 2, 2022
&#13

Spacecom (Space Conversation Ltd – TASE: SCC) has notified the Tel Aviv Inventory Exchange that the Ministry of Communications is thinking about permitting it to sell 20% of its shares to Hungarian firm 4iG, in a deal that will contain an option for 4iG to get manage (51%) of Spacecom in the upcoming, topic to the ministry’s approval.

&#13

Spacecom suggests that 4iG has not yet agreed to move forward in accordance with the outline deal introduced to the Ministry of Communications, and that it has not been accredited by the company’s board of administrators. Adhering to the report, Spacecom’s marketplace cap has risen to over NIS 100 million.

&#13
&#13
&#13
&#13

&#13

Connected Article content

&#13
&#13
&#13

&#13
Spacecom satellite / Photo: PR &#13

Magyar Telekom extends contract with Spacecom

&#13

&#13
&#13

&#13

Hungarian co 4iG in talks to get Israel’s Spacecom

&#13

&#13
&#13

&#13

Spacecom signals new satellite agreement with Israeli gov’t

&#13

&#13
&#13

&#13

SpaceX properly launches Spacecom’s Amos 17 satellite

&#13

&#13
&#13

&#13
&#13
&#13
&#13

Past Oct, Spacecom and 4iG agreed that the latter would inject NIS 221 million ($69 million) into the former in return for a 51% stake. The requisite acceptance for the offer has, nonetheless, not however been received from the Ministry of Communications, as significantly as is acknowledged for the reason that of objections on protection grounds. Now, a further strategy is being promoted that is meant to allow for the Hungarian corporation to consider an first stake that does not give manage of Sapcecom.

&#13

The Ministry of Communications is demanding that prior to it approves the current proposal, a binding settlement need to be signed among Spacecom and “an Israeli governing administration person”, specifying the use of particular satellites and factors in place. So much, in spite of the hold off in getting acceptance from the Israeli regulator, the agreement involving Spacecom and 4iG has not been cancelled.

&#13

Past yr, Spacecom’s profits rose 6.7% to $93.7 million, many thanks to a increase in money from the Amos 17 satellite. The Amos 3, Amos 4 and Amos 7 satellites are functioning a in close proximity to entire potential, although use of the new, state-of-the-art Amos 17 satellite has been rising progressively, achieving 38% of potential at the conclusion of 2021.

&#13

Spacecom posted an running revenue of $14.2 million in 2021, which compares with an functioning reduction of $3.8 million in 2020. The company’s net decline narrowed past yr by 56.4% to $15.4 million.

&#13

At the stop of 2021, Spacecom owed NIS 1.2 billion ($382 million) to its bondholders, and it published a funds move forecast indicating that it would need to have to raise capital of $60 million.

&#13

Posted by Globes, Israel business news – en.globes.co.il – on August 2, 2022.

&#13

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

&#13
&#13

Categories: Business News Tags: "Ca Business Search, Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login", Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login

Post navigation

Google’s parent reports slowest quarterly growth in 2 years | Business
FINRA Series 65 Exam Registered Investment Advisor

Recent Posts

  • The Greatest Web sites For Enterprise News In English
  • Types Of Insurance coverage Offered By State Farm
  • Royal Mail For Businesses
  • How To Discover A Good Business Thought
  • Google Bisnisku

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • December 2016

Categories

  • Business Articles
  • Business News
  • General
  • Google Business
  • Market Reaction
  • Reinsurance News

Visit Now

Example

BL

TL

Intellifluence Trusted Blogger

water damage restoration las vegas 

homepage backlinks 

pterodactyl.info © All Rights Reserved | Magpaper by Theme Palace