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“Hungaro DigiTel”
4iG PLC Might Acquire Majority Stake in Spacecom

BUDAPEST, Hungary (4iG PLC PR) — 4iG PLC (“4iG” or “the Group”) announced its first international transaction, which will allow the Group to continue building its telecommunications portfolio and expanding its space industry business. 4iG and its two subsidiaries, Hungaro DigiTel and CarpathiaSat, have entered into a preliminary agreement with Space-Communication Ltd. (“Spacecom”) to acquire a 51 percent stake in the target company. Spacecom, which is listed on the Tel Aviv Stock Exchange, is a satellite operator and service provider with global coverage through its four geosynchronous satellites, providing services in Hungary and the region via its AMOS 3 satellite. Following due diligence of the Spacecom, the successful completion of the transaction is conditional upon the approval of the acquisition by SpaceCom’s General Assembly and the Israeli Ministry of Communications. The transaction is estimated to be worth USD 65 million.

  • Parabolic Arc
  • June 21, 2021