{"id":56481,"date":"2021-10-12T18:51:57","date_gmt":"2021-10-12T10:51:57","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/4ig-to-acquire-majority-stake-in-spacecom-for-68m\/"},"modified":"2021-10-12T18:51:57","modified_gmt":"2021-10-12T10:51:57","slug":"4ig-to-acquire-majority-stake-in-spacecom-for-68m","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/4ig-to-acquire-majority-stake-in-spacecom-for-68m\/","title":{"rendered":"4iG to Acquire Majority Stake in Spacecom for $68M"},"content":{"rendered":"<\/p>\n<p><strong>Spacecom<\/strong>, the Israeli satellite operator, is going through an acquisition that will place the majority of the company under Hungarian ownership. Hungarian telecommunications company <strong>4iG<\/strong> announced Oct. 12 that its subsidiary&nbsp;<strong>Hungaro DigiTel <\/strong>(HDT), a joint subsidiary of 4iG&nbsp;and <strong>Antenna Hung\u00e1ria<\/strong>, has entered into a final agreement to acquire 51% of Spacecom.<\/p>\n<p>Spacecom reported the $68 million transaction will be done through a private shares placement. The acquisition is subject to approval by Spacecom\u2019s shareholders; Israel\u2019s <strong>Ministry of Communications<\/strong>; and by third-parties currently contracted with Spacecom.&nbsp;<\/p>\n<p>The merger was first announced as a prospect in June of this year.<\/p>\n<p>Spacecom has a fleet of four Geostationary Orbit (GEO) satellites and provides services in Hungary and the Central and Eastern European region via the AMOS 3 satellite. This merger will involve Spacecom in Hungary\u2019s first commercial satellite.<\/p>\n<p>\u201cWe 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 <strong>CarpathiaSat<\/strong>, in which we count on the company\u2019s decades of experience, as well as the expertise of the employees working there,\u201d Gell\u00e9rt J\u00e1szai, president and CEO of 4iG said in a statement.<\/p>\n<p>CarpathiaSat was launched last year to operate Hungary\u2019s the planned satellite along with subsidiary Hungaro DigiTel. CarpathiaSat&nbsp;received a contract in 2020 to deliver launch and operation of Hungary\u2019s first satellite for broadcasting, internet, and telephone services and data transmission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spacecom, the Israeli satellite operator, is going through an acquisition that will place the majority of the company under Hungarian ownership. Hungarian telecommunications company 4iG announced Oct. 12 that its subsidiary&nbsp;Hungaro DigiTel (HDT), a joint subsidiary of 4iG&nbsp;and Antenna Hung\u00e1ria, has entered into a final agreement to acquire 51% of Spacecom. Spacecom reported the $68 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56482,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-56481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56481"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=56481"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56482"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}