Spacecom Readies Itself for Possible Sale, Merger
PARIS — Israeli satellite fleet operator Spacecom has hired an investment bank to evaluate sale or merger options “in light of interest from parties who have expressed interest,” Spacecom said Dec. 11.
In a statement to the Tel Aviv Stock Exchange, Spacecom said the process is in a “very early stage” and that there is no certainty that a transaction will be completed.
Spacecom operates four satellites at three orbital slots and has been expanding beyond its core coverage area in the Middle East to Africa and, with the September launch of Amos-4, to East Asia. It has one satellite, the large Amos-6 carrying Ku- and Ka-band transonders, under construction and scheduled for launch in 2015.
The company reported $86.1 million in revenue for 2012.
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