4iG Gets Clearance to Acquire 20% Stake in Spacecom
Image by Roman Yanushevsky / Shutterstock.com
Listed Hungarian IT company 4iG on Wednesday said Israel's Ministry of Communication issued preliminary approval for it to acquire a 20% stake in Israeli satellite company Space-Communication, according to a report by state news wire MTI.
The Hungarian IT company earlier signed an agreement to acquire a 51% stake in Spacecom through Hungaro Digitel, a company it owns together with terrestrial broadcaster Antenna Hungaria.
4iG welcomed the preliminary clearance by the ministry and said its board would "carefully examine" the decision and weigh "how the acquisition of a 20% stake in Spacecom fits into the long-term strategy of 4iG Group".
Spacecom operates the AMOS fleet of four geosynchronous satellites, offering broadcast and broadband services.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenge...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
