Spacecom Communications News
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Arieli Group, owned by Eric Bentov and Evan Renov, is offering to inject $18 million into Spacecom’s coffers in exchange for 82% of the company’s shares.
Arieli Group, led by Eric Bentov and Evan Renov, has made an offer to acquire 82% of Spacecom in exchange for an $18 million investment. The offer includes full repayment of Spacecoms remaining debt to bondholders and the issuance of $65 million in convertible bonds. Arieli Groups proposal aims to maximize value for bondholders, offering over 100% of the par value. The acquisition is part of Arieli Groups strategy to develop Spacecom with an innovative approach. Arieli Group has a diverse investment portfolio and experience in global markets, including strategic partnerships with universities and financial institutions.
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IAI eyes takeover of Spacecom
Spacecom, the operator of the Amos satellites, is undergoing a debt settlement process involving Israel Aerospace Industries (IAI) and Phoenix Underwriting. The proposal aims to reschedule Spacecoms $378 million debt, with IAI taking a strategic stake to gain control of the company. This move is expected to facilitate regulatory approvals for the takeover. The proposal includes issuing a $155 million bond secured by Spacecoms satellites, with proceeds used to pay existing bondholders. Spacecom will retain $20 million for operational activities. The settlement is seen as beneficial for both the company and its creditors, providing certainty for debt resolution.
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Spacecom to expand African coverage with Azercosmos pact
Spacecom has signed a partnership agreement with Azerspace to extend its services in Africa. The use of Azerspaces satellites will help Spacecom provide quality services in digital broadcasting. This partnership is part of Spacecoms expansion strategy in Africa, aiming to become a leading provider of satellite communication solutions on the continent. Spacecom has been actively establishing itself in the African telecom services market and recently acquired a 9.3% stake in NuRAN Wireless. The partnership with Azerspace will further strengthen Spacecoms presence in Africa.
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Space Communication : Spacecom and Orbit Communication System Set Record-Breaking Performance Tests of Airborne Terminals on Spacecom's advanced HTS AMOS-17 Satellite | MarketScreener
Spacecom and Orbit Communication Systems have completed record-breaking performance tests of airborne terminals on Spacecoms AMOS-17 satellite. The tests demonstrated uninterrupted connectivity and high-resolution data delivery in real-time. Orbits MPT30 and MPT46 multi-purpose airborne satellite terminals achieved high data rates, enabling high-speed video and data transmission from multiple sensors. The terminals operate in both commercial and military Ka-band and are easy to install and service. The AMOS-17 satellite offers coverage-on-demand and supports fast deployment of airborne terminals. The collaboration between Spacecom and Orbit expands Spacecoms On-The-Move offering and provides innovative solutions for the industry. The article was published on November 29, 2022.
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הסכם חדש למכירת חלל תקשורת ל-4iG ההונגרית - Techtime - חדשות אלקטרוניקה והייטק
Hungarian telecommunications company 4iG has announced a new agreement to acquire Israeli company Spacecom, which operates the Amos family of communication satellites. Initially, 4iG will acquire about 20% of Spacecoms shares and gradually increase its stake to 51% over three years. The initial agreement for the transaction was signed in October 2021, with 4iG committing to acquire control of Spacecom for about 221.2 million shekels. Following the announcement, Spacecoms share price rose by about 5.5% on the Tel Aviv Stock Exchange, with a market value of about 101 million shekels.
Acquisition
Spacecom and GorillaLink Successfully Prove Smart IoT Network Operation via AMOS Satellites - Spacecom - Global Communication Service Provider
Spacecom and GorillaLink have successfully tested a smart IoT network operation using Spacecoms AMOS satellites and GorillaLinks system. The trial demonstrated real-time connectivity and software suite for IoT networks, showcasing the potential for fast and simple deployment of connected and inexpensive IoT devices in rural and remote areas. The project focuses on precision agriculture and other applications such as livestock farming, oil & gas, mining, and forestry. The use of solar power allows for a relatively low investment in ground network infrastructure. Spacecom is expanding its application-based solutions in the field of smart IoT applications and is collaborating with technology-based companies to deliver value to customers.
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Spacecom Enters Maritime Sector with On-The-Move Advanced Communication Services Deal - Spacecom - Global Communication Service Provider
Spacecom has entered the maritime satellite connectivity market with its first deal, providing on-the-move connectivity for a Super Yacht communication service provider. This move is part of Spacecoms strategy to expand its services into new sectors. Oren Tepper, Spacecoms Senior SVP Maritime, stated that this deal strengthens the companys implementation of its strategy targeting the maritime sector. Spacecom will showcase its maritime solutions at CABSAT Booth #C8-30.
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Hungarian co 4iG in talks to buy Israel's Spacecom
Hungarian communications company 4iG is negotiating to buy a 51% stake in Israeli company Spacecom Satellite Communications Ltd. for NIS 215 million. The deal, if completed, represents a premium of 68% over Spacecoms average share price in the past six months. The acquisition is expected to assist in realizing Spacecoms strategic plan of switching from provision of satellite capacity to the provision of telecommunications services via satellite.
Acquisition
Spacecom signs new satellite contract with Israeli gov't
The Israeli government has renewed and expanded its ties with Spacecom Satellite Communications Ltd. in a $26 million service agreement. The agreement extends the governments use of the Amos 3, Amos 4, and Amos 7 satellites, providing satellite capacity and services for various periods. Spacecom is currently examining the possibility of buying a new satellite. The government of Israel is Spacecoms largest customer. In 2019, the company recorded revenue of $29 million from the sale of services to the government.
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Spacecom CEO Steps Down
David Pollak is stepping down as CEO of Space Communication Ltd. (Spacecom) after leading the company for 24 years. Spacecom, a Tel Aviv-listed satellite company, was spun off from Israel Aerospace Industries Ltd. in 1993. The company faced financial troubles after losing its AMOS-6 satellite in a launchpad explosion in 2016, resulting in the loss of a $95 million contract with Facebook and a $285 million acquisition deal. However, Spacecom reached profitability again in 2018 and recently launched its newest satellite, AMOS-17, to replace the lost one.
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Spacecom's Controlling Stake Headed to TASE
Space Communication Ltd. (Spacecom) is set to become a company without a controlling shareholder as the trustee appointed for the companys 54% stake has hired Discount Capital to distribute the shares on the Tel Aviv Stock Exchange. The stake is currently held by five Israeli institutional investors after the controlling stakeholder, Eurocom Group, defaulted on a loan. The institutional investors will decide whether to sell the stake or wait for a better acquisition offer. Spacecoms bond covenants pose a challenge as a change in controlling shareholders could trigger immediate repayments. The companys stock has fallen after the launch of its AMOS-17 satellite, delaying the plan to hit the stock exchange.
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https://www.jpost.com/Jpost-Tech/SpaceX-launches-Israeli-Amos-17-satellite-WATCH-LIVE-597879
Spacecoms Amos-17 satellite, launched by SpaceX, will provide increased internet connectivity for sub-Saharan Africa. The satellite, manufactured by Boeing Satellite Systems International, will deliver a large selection of services to a variety of broadcast, broadband, and telecom clients. It will offer increased connectivity between Africa, the Middle East, India, China, and Brazil. The launch was successful after a brief delay due to a suspect valve. The Falcon 9 launch vehicle used for the launch had previously flown in support of other satellite launches. Spacecom expects Amos-17 to be in operation for a minimum of 20 years and has a sales backlog valued at $58 million.
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Israeli Satellite Operator Spacecom to Launch AMOS-17 on Tuesday
Spacecom, an Israel-based company, has announced the postponement of the launch of its new satellite, AMOS-17, due to a malfunction in the SpaceX launchpad. The launch was originally scheduled for Sunday, August 4, but has been delayed by several days. AMOS-17 is intended to provide communication services primarily to Africa and is a replacement for AMOS-6, which exploded on a SpaceX launchpad in 2016. The explosion resulted in Spacecom losing hundreds of millions of dollars in contracts, including a $95 million deal with Facebook. Spacecoms CEO, David Pollak, has mentioned that the company is in talks to provide communication services to an Africa-based client similar to Facebook using AMOS-17.
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Spacecom signs contract with Nigeria's IDS Africa
Spacecom has announced a partnership with IDS Africa, a Nigeria-based broadcaster, to utilize the AMOS-17 satellite for broadcasting services. The AMOS-17 satellite is designed to meet Africas communication demands and will provide C-Band HTS capabilities, Ka-Band, and Ku-Band to various markets. It aims to connect Europe, the Middle East, and Africa. The partnership will allow IDS Africa to broadcast Channels TV news programming throughout Nigeria and to the Nigerian population and diaspora outside the country. The launch of AMOS-17 is scheduled for August 2019.
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Satellite Operator Spacecom in Talks With a Client Comparable to Facebook, Says CEO
Spacecom is set to launch its new satellite, AMOS-17, and is in talks with an Africa-based client to provide communication services. The launch of AMOS-17 is intended to serve Africa and is scheduled for August 4. Spacecoms previous satellite, AMOS-6, exploded in 2016, resulting in lost contracts, including a $95 million contract with Facebook. Facebook is waiting for the new satellite to reach orbit before entering into an agreement with Spacecom. Spacecom already has an order backlog for AMOS-17 valued at $58 million. Once the launch is successful, more deals are expected to be finalized. Spacecom currently provides communication services to Africa through its AMOS-4 and AMOS-7 satellites.
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Aeronautics Stakeholder Aaron Frenkel Looking to Acquire Satellite Operator Spacecom
Israeli businessman Aaron Gover Frenkel, who owns a 33% stake in drone maker Aeronautics Ltd., is looking to acquire a controlling stake in Space Communication Ltd. (Spacecom) at a valuation of $52.8 million. The offer was made as part of a tender held by Eurocom’s institutional creditors. The offer was rejected, and the creditors are waiting for the launch of Spacecom’s latest satellite before making a decision. Spacecom has seen a decline in stock value in recent years due to various misfortunes. Eurocoms remaining debt to its creditors is around $36.8 million.
Acquisition
Spacecom targets growing data and video markets
Spacecom has launched a vertical solutions division targeting the growing data and video markets. The division aims to help customers reach new business opportunities in digital markets. Spacecom has already secured a multi-year contract with a leading Southern Africa VSAT services provider. The company is working with clients and partners to determine the optimal solution for new services using its satellite fleet. Spacecom is also partnering with international and local vendors for integration, installation, operation, and management.
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The explosion that blew the Israeli satellite industry to smithereens
The Israeli space industry is facing a crisis after the explosion of the Amos 6 communications satellite. The government is advised to take measures to maintain the countrys standing as a technology and space power. Israel Aerospace Industries (IAI) is selected to build the Amos 8 satellite, but the project has yet to begin due to incomplete manufacturing specifications and delayed government funding. Spacecom, the company that operates communications satellites, has not placed an order for the satellite. The government has promised to bridge the cost difference between IAIs proposal and a foreign companys proposal, but the financing amount is undisclosed. The completion and launch of the Amos 8 satellite remain uncertain.
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https://www.satellite-evolution.com/single-post/2019/02/06/Ukraines-first-4K-channel-on-AMOS-7
Israeli satellite company falls victim to debt and politics
The fallout from the police’s Case 4000 investigation is affecting Spacecom, the company that owns and operates a fleet of Amos satellites. Spacecom is struggling with debt and the failure to reach an agreement on building a new satellite. Its shares have dropped on the Tel Aviv Stock Exchange, and investors are concerned about the companys ability to repay its debt and build its next satellite. The delays have also raised doubts about Israels ability to remain a player in the global satellite communications sector. However, there is some good news with the upcoming launch of Amos 17, a satellite that already has $30 million worth of contractual commitments.
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Spacecom receives $10m for destroyed Amos 6
Israel Aerospace Industries has been instructed to pay Spacecom US$10 million for the late delivery of the Amos 6 satellite, which was ultimately destroyed. The satellite was a major client for Facebook, which intended to use it to connect parts of Africa to the Internet. The delay in the satellites launch had been previously announced in 2015, and in November 2016, IAI paid Spacecom $196 million as an insurance payment for the lost satellite.
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Spacecom Moves Forward With $55 Million Deal With Unnamed Company
Israeli satellite operator Spacecom has received regulatory approval to move forward with a four-year $55 million deal it signed with an unnamed non-Israeli communications company in May. Spacecom will provide the unnamed company with satellite communication services, with $30 million being paid for services to be provided by Spacecoms new satellite AMOS-17. AMOS-17 is being constructed by Boeing Satellite Systems International as a replacement for Spacecoms AMOS-5.
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Spacecom Signs $55 Million Deal With Unnamed Company
Israel-based satellite operator Spacecom has signed a four-year $55 million deal with an unnamed non-Israeli communications company. Spacecom will provide various satellite communications services, including $30 million worth of services from its new satellite AMOS-17. AMOS-17 is scheduled for launch in the second quarter of 2019. The deal depends on AMOS-17 becoming operational by November 20, 2019. AMOS-17 is being constructed by Boeing Satellite Systems International as a replacement for AMOS-5. In 2016, Spacecoms satellite AMOS-6 was destroyed in a pre-launch explosion. Spacecom had to lease another satellite and an acquisition offer was scrapped. In March, Spacecom contracted Space Systems/Loral LLC to construct AMOS-8 as a replacement for the leased satellite.
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Israeli Government Intervention Likely to Void Deal with U.S Satellite Contractor Loral
Israeli satellite operator Spacecom may lose its contract with Loral to design and manufacture a new communication satellite AMOS-8. The Israeli government has sent a letter to Spacecom stating its intention to work towards placing a satellite by Israel Aerospace Industries (IAI) at the intended position for AMOS-8. This could mean that Israel plans to launch its own satellite through IAI, cutting Spacecom out of the deal. IAI had previously considered manufacturing its own satellite using government funds. If successful, Spacecom could lose the commercial contracts associated with AMOS-8. Spacecom recently signed a contract with Loral but lacks the necessary funds, leading to plans to raise $110 million through bond options and collateral bonds.
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Spacecom snubs IAI, buys new satellite from US co Loral
Spacecom has signed an agreement to acquire a new satellite called Amos 8 from Loral Space & Communications Inc. The cost of the deal is $112 million. The new satellite will replace Amos 7 and provide communications satellite services to the Middle East, Europe, and Africa. Despite the explosion of its launcher that destroyed Amos 6, SpaceX will launch Amos 8. Spacecom had approached Israel Aerospace Industries Ltd. (IAI) about building Amos 8, but chose not to due to price and timetable concerns.
Acquisition
Spacecom cancels satellite deals with Loral, SpaceX
Spacecom has announced the cancellation of its agreement with US company Loral to build the Amos 8 satellite. This cancellation also affects Spacecoms agreement with SpaceX for launching the satellite. Spacecom had previously signed a $112 million agreement with Loral in March 2018. The cancellation is a growth-negative impact on the company.
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Spacecom Amos 17 One Step Closer to Launch with CDR - Via Satellite -
Spacecoms Amos 17 communication satellite has completed its Critical Design Review and entered full production. The satellite, designed for the African continent, will expand and strengthen Spacecoms coverage in Africa, the Middle East, and Europe. It will offer Ka-band, Ku-band, and C-Band High Throughput Satellite services. Boeing Satellite Systems International is building the satellite, and SpaceX will launch it into orbit. Spacecom will recoup the funds from its failed attempt to launch Amos 6 to cover the costs for orbiting Amos 17.
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Nepal's Dish Media Network, Spacecom Sign Multi-Year Capacity Deal - Via Satellite -
Spacecoms Amos 4 satellite has extended its association with Nepals Dish Media Network, providing satellite capacity for the expansion of their channel services. The agreement allows Dish Media Network to improve the viewing experience for customers by increasing the number of channels offered. Amos 4 offers broadcast and broadband reach for satellite services in the Asian, African, and Middle Eastern markets. The agreement is contracted until 2028.
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Spacecom buys Boeing satellite for $161m
Spacecom Satellite Communications Ltd. has acquired a satellite from Boeing for $161 million. The new satellite, Amos 17, will replace Amos 6, which was destroyed in a SpaceX explosion. Amos 17 will provide communications services to Africa, the Middle East, and Europe. Spacecom received an insurance payment of $191 million for the lost satellite. The lifespan of Amos 17 will be 15 years, with an annual maintenance cost of $5 million. Spacecom will finance the acquisition through Israel and overseas banks and institutions, as well as the public.
Acquisition
Israel's Space Communication says SpaceX owes $50 million or free flight
Israels Space Communication may seek $50 million or a free flight from SpaceX after a communications satellite was destroyed in an explosion at SpaceXs launch site. Spacecom could also collect $205 million from Israel Aerospace Industries, which built the satellite. The loss of the satellite is expected to have a significant impact on Spacecom, with its equity declining by $30 million. Spacecoms planned merger with Beijing Xinwei Technology Group is uncertain following the incident. Xinwei officials have not commented on whether the incident will impact the terms of the deal. The cause of the explosion is under investigation.
Investment
Amos 6 satellite destroyed in SpaceX explosion
The explosion of the SpaceX Falcon 9 rocket in Florida has jeopardized the $285 million sale of Spacecom Satellite Communications Ltd to Beijing Xinwei Technology. The Amos 6 communications satellite, which was due to be launched, was destroyed in the explosion. Spacecoms share price fell 9% after the incident. It is uncertain how this will affect the sale, which was dependent on the launch of Amos 6. The launch of Amos 9 has been delayed multiple times. No deaths or injuries have been reported from the explosion.
Acquisition
Chinese co buys Israel's Spacecom for $285m
Spacecom Satellite Communications Ltd. is to be fully acquired by Luxembourg Space Telecommunications for $285 million. The acquisition is a 30% premium on the shares market price. After the acquisition, Spacecom will be delisted from the TASE but its bonds will continue to be traded on the Tel Aviv Stock Exchange.
Acquisition
Israeli gov't signs $63m agreement with Spacecom
The State of Israel has signed a five-year agreement with Spacecom Satellite Communications Ltd. for the purchase of communications services on the companys Amos satellites. The contract is worth $63 million, with an option to extend for a further eight years. If exercised, the contract will be worth a total of $164 million to Spacecom. The share price of Spacecom has risen 17% so far this year. The company posted a loss in the first quarter but has a market cap of NIS 704.8 million and shareholders equity of NIS 556.6 million.
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Spacecom confirms: Amos 5 lost in space
Spacecom Satellite Communications Ltd. reports that its Amos 5 satellite is a total loss. The company has lost touch with the satellite and has discontinued its services to customers, mainly in African countries. The satellite is insured for $158 million and the company plans to submit a report to its insurers for compensation. Spacecom believes it will receive the compensation within three months. Losing contact with Amos 5 will cost Spacecom a third of its revenue. The companys next satellite, Amos 6, will be launched in February. It is estimated that it will take three years to launch another satellite to replace Amos 5. The most likely reason for the satellites failure is a breakdown in the electricity supply system.
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Spacecom plunges after Amos 5 satellite contact lost
Spacecom Satellite Communications Ltd. has lost contact with its Amos 5 satellite, causing a disruption in service to customers, primarily in African countries. This satellite accounts for a third of Spacecoms revenue. The companys share price has dropped by about 30% on the Tel Aviv Stock Exchange. The Amos 5 satellite is insured for $158 million. Spacecom has a replacement satellite, Amos 6, due to be launched in February next year.
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Spacecom bond offering attracts NIS 1.2b demand
Spacecom Satellite Communications Ltd. raised NIS 860 million in its institutional offering of two new bond series. Demand for the bonds exceeded NIS 1.2 billion. The 13 series bond was offered at a maximum interest rate of 6.2%, while the 14 series bond was offered at a maximum interest rate of 6.5% (dollar-linked). The companys Amos 6 satellite, which will replace the Amos 2 satellite, will be used by Facebook to connect sub-Saharan African countries to the Internet.
Investment
Facebook, Eutelsat To Pay $95M for Ka-band Lease
Facebook and Eutelsat have agreed to pay $95 million over about five years to lease the Ka-band spot-beam broadband capacity on Spacecom Ltd.s Amos-6 satellite. The lease can be extended for up to two years at a reduced rate. The contract includes an insurance policy to cover project-related risks. The satellite is scheduled for launch in mid-2016 aboard a Falcon 9 rocket. Facebooks Internet.org and a new Eutelsat subsidiary focusing on African businesses will utilize the satellites capacity. Spacecom is responsible for securing operating licenses in Israel. The lease extends to September 2021, with an option for a two-year extension.
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Spacecom to raise $50m debt
Spacecom Satellite Communications Ltd. plans to carry out a debt issue and has received agreement to the offering from a financing consortium. The company will raise $50 million, with the first principal repayment not before 2020. The Amos 6 satellite is meant to replace the Amos 2 satellite, and the launch window has been deferred to February-March 2016.
Investment
Half institutional orders in Spacecom IPO connected to underwriters
Spacecom Satellite Communications is preparing for its IPO on the Tel Aviv Stock Exchange, aiming to raise NIS 160 million through an issue of convertible bonds, shares, and options. The institutional tender for the issue was held last week, with over half the orders coming from entities affiliated with the lead underwriters, Apex-Mutavim Investments and Clal Finance Underwriting Ltd. Spacecom operates communication satellites and has customers such as satellite broadcaster YES and the Israeli government. The company is currently working on its next project, Amos 3, and is owned by Eurocom Communications, General Satellite Services Co., Israel Aircraft Industries, and C. Mer Industries.
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