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4iG amends acquisition agreement

Deals

Image: Facebook

Listed IT company 4iG said an agreement on the acquisition of a 51% stake in Israeli satellite company Space-Communication by Hungaro Digitel, a unit of 4iG and Antenna Hungaria, was amended, according to an announcement on the website of the Budapest Stock Exchange.

The sides agreed to modify the contract pushing the deadline for fulfillment of conditions necessary to close the deal back to February 28, 2022. 4iG announced in October that a binding agreement had been signed under which Hungaro Digitel would acquire the 51% stake in Space-Communication.

Space-Communication operates the AMOS fleet of four geosynchronous satellites, offering broadcast and broadband service. The company had revenue of USD 88 million and EBITDA of USD 52 mln in 2020.

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