The Israeli satellite operator SpaceCom has told the Tel Aviv Stock Exchange (TASE) that it is putting its fleet of Amos Communications satellites on the market.
Local media controlling shareholder Shaul Elovitch was seeking ILS2 billion (€413.5 million) for the company, more than double its current market value.
At this early stage TASE has been informed that the sale is only a possibility and other options are being considered. “The process review is in the earliest stages and there is no certainty that a deal will be carried out,” the company said.
JP Morgan has been hired as an advisor.
The 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.
