The Israeli satellite system was put on the market in December 2013, but only now has a taker been found.
Spacecom Satellite Communications Ltd would only say that the company was being acquired by an international company for $285 million.
Spacecom is owned by the Eurocom Group, which in turn is controlled by Bezeq Israeli Telecommunication.
The company’s Amos fleet currently consists of four satellites.
Its primary customers include the Israeli DTH operator Yes and also has customers in Central & Eastern Europe and Africa.
In a related development, after a delay of nearly two years, Spacecom will be launching its Amos 6 communications satellite from Florida’s Cape Canaveral the first week of September. It will replace Amos 2, which is due to be retired this year, with double the older’s satellite capacity.
In November 2015, Spacecom lost contact with its Amos 5 satellite, which also was providing services to Africa, and eventually gave it up for lost.