Worth a minimum of $8.6 million, it secures services until 2024.
T-Home currently broadcasts over 160 channels throughout Hungary including more than 30 in HD via the Amos fleet at the 4 degrees West orbital position. As the country’s largest TV broadcasting service, it reaches over 33% of Hungarian households. Magyar Telekom launched the platform in 2008.
Commenting on the contract extension, Oren Tepper, Spacecom’s SVP global sales, said: “For more than a decade we have developed a trusting working relationship with Magyar Telekom and I am honoured by their vote of confidence in our fleet and future plans for 4 degrees West. This extension agreement demonstrates that our capabilities, professionalism and value delivered are vital elements contributing to T-Home’s DTH business future. I am excited and look forward to a great continuation of our partnership in the coming years”.
Hungary is a key Spacecom market and last month the Israel-based satellite services company reported it is negotiating with 4iG, a Hungarian information technology and telecommunications company, for the latter to take a majority 51% stake in Spacecom. According to Spacedom CEO Dan Zajicek, “The deal will strengthen and widen Spacecom’s operating potential in Eastern Europe and create joint ventures and synergy between the companies”.