Israeli pay-TV provider Yes is to extend the use of Spacecom’s Amos 7 satellite into 2025.
The Beseq-owned unit is moving its customer base to a dedicated OTT service. However, in a regulatory filing Spacecom said following the Ministry of Communications’ approval to extend Spacecom’s use of the Amos 7 satellite, Spacecom had exercised its option to extend its lease for the Amos 7 satellite until February 2025.
Yes has now received an extension of the lease for Amos 7 from September 2024 to February 2025.
In July 2021, Spacecom signed a two-year extension agreement with Yes for the continued use of Amos-7 and Amos-3 satellites at Spacecom’s 4 degrees West orbital hotspot. The further extension will bring an additional $7 million of revenue for Spacecom.
