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    SCC   IL0010923451

SPACE-COMMUNICATION LTD

(SCC)
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4iG in Talks to Buy 51% Stake in Spacecom

06/15/2021 | 09:52am EST

4iG Nyrt. (BUSE:4IG) is negotiating to buy 51% of Space-Communication Ltd. (TASE:SCC) through a private placement of shares. The two companies have signed a non-binding memorandum of understanding. Spacecom operates the Amos fleet of satellites. If the deal is completed, the price will be ILS 215 million, or ILS 8.5 per share. This represents a premium of 68% over Spacecom's average share price on the Tel Aviv Stock Exchange in the past six months, and of 46% over its closing price yesterday. Completion of the deal depends on finalization of the negotiations, due diligence, regulatory approvals, including by Israel's Ministry of Communications, approval by Spacecom's shareholders, consent of third parties as required, and the signing of binding agreements including a deal for provision of services by Spacecom to iG4. Under the MOU, the deadline for signing the deal is mid-August 2021.


ę S&P Capital IQ 2021
All news about SPACE-COMMUNICATION LTD
11/24Space-Communication Ltd Reports Earnings Results for the Third Quarter and Nine Months ..
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10/12SPACE COMMUNICATION : Hungary's 4iG Telecom Group Acquires Control of Spacecom at Valuatio..
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10/12Kenya Broadcast Corp.'s Signet DTT Connects to AMOS-17 HTS Satellite in Spacecom's Keny..
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08/31Space-Communication Ltd Reports Earnings Results for the Second Quarter Ended June 30, ..
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08/18SPACE COMMUNICATION : Spacecom and Get SAT Demonstrate Superior Results for Micro Sling Bl..
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08/18Space-Communication Ltd and Get Sat Demonstrated Superior Results for Micro Sling Blade..
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07/12SPACE COMMUNICATION : Spacecom and Yes DTH Extend Service Agreement for Additional Two Yea..
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07/05SPACE COMMUNICATION : Magyar Telekom's T-Home DTH, Member of Deutsche Telekom Group, Exten..
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06/29SPACE COMMUNICATION : Spacecom Deepens African Presence with Strategic Partnership and Inv..
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06/29SPACE COMMUNICATION : Magyar Telekom's T-Home DTH, Member of Deutsche Telekom Group, Exten..
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More news
Financials (USD)
Sales 2020 87,8 M - -
Net income 2020 -35,3 M - -
Net Debt 2020 314 M - -
P/E ratio 2020 -3,18x
Yield 2020 -
Capitalization 45,0 M 45,0 M -
EV / Sales 2019 5,20x
EV / Sales 2020 3,98x
Nbr of Employees 56
Free-Float 48,8%
Chart SPACE-COMMUNICATION LTD
Duration : Period :
Space-Communication Ltd Technical Analysis Chart | SCC | IL0010923451 | MarketScreener
Income Statement Evolution
Managers and Directors
Dan Zajicek Chief Executive Officer
Avi Levy Chief Financial Officer
Moshe Golani Senior Vice President-Operations & Engineering
Avi Morgenstern Vice President-Operations & Information Systems
Zafrir Holtzblat Independent External Director
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