ADVERTISEMENT

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.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.