Worth $14 million, it will continue the DTH’s operations from the Amos-7 and Amos-3 satellites at Spacecom’s 4 degrees West orbital hotspot. Furthermore, with this agreement, Yes’ order backlog increases to $100 million.
The agreement with Yes has an additional two potential extensions of six-months each, starting at the end date of the new agreement. If realised, they will result in an additional $7 million of revenue for Spacecom.
Spacecom has also reported the extension of its lease agreement with AsiaSAT, the owner of the Amos-7 satellite, for an additional two years until 2024. The annual new and reduced lease fee is $14 million.
The above continue the company’s recent released transactions including a $38 million extension of services with the government of Israel and a $6 million contract with an African MNO, among other news.
Commenting on the extension, Spacecom CEO Dan Zajicek said: “Signing this two-year extension with Yes allows them to simultaneously use both Amos-3 and Amos-7 and continues the recent positive momentum accelerating Spacecom’s development. This includes significant deals such as our investment in Canada’s NuRAN Wireless and the approximately $9 million extension of services agreement on Amos-3 with Magyar Telekom, from the Deutsche Telekom group”.