Space-Communication Ltd. sells 51% of its share capital to a subsidiary of 4iG Plc., a public IT and telecoms company from Hungary
Space-Communication Ltd. has sold 51% of its share capital to a subsidiary of 4iG Plc., a leading Hungarian IT and telecommunication company whose shares are traded on the Budapest Stock Exchange.
The sale was completed in consideration for NIS 221 million.
Listed on the TASE, Space-Communication is a satellite communication service provider with customers located in Europe, Middle East, Africa and Asia. The company owns and operates the AMOS satellite fleet.
Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron represented Space-Communication in the transaction carried out by Doni Toledano, Shay Dayan and Alon Abramovich of the M&A Department, Moty Yamin, Hagar Guri-Greenboim and Meni Kogan of the Capital Markets Department, Raanan Kalir of the Restructuring & Insolvency Department.
The Naschitz Brandes Amir team representing 4iG and and Hungaro DigiTel Kft., a European satellite communications operator, is led by Senior Partner Sharon Amir, together with partners Tuvia Geffen and Itay Deutsch, and associates Sharon Gold, Adi Danan, Tal Shachar, Zach Ahrak and Ofir Lazard.
