SES Global Makes Offer For Israel’s Spacecom
[Satellite Today – 1-24-08] SES Global, the world’s second largest communications satellite operator, has made a bid to acquire Israel’s Space-Communication Ltd. (Spacecom), both SES and Spacecom have confirmed to Satellite Today.
Spacecom operates the Amos-1 and Amos-2 satellites, which are co-located at 4° West to provide direct broadcast satellite services, digital TV distribution to cable headends, video services to broadcasters and communications services to government entities. Amos-2 also offers a beam to the U.S. East Coast, creating a vital link for VSAT operators, government agencies and other service providers.
Spacecom is publicly traded on the Tel Aviv stock exchange, and its major shareholders include Israeli Aerospace Industries, Eurocom, General Satellite Services Co. and Mer Services Group. “It is a complex offer and we will take our time when studying it,” Motty Slomovitz, vice president of marketing and sales at Spacecom, told Satellite Today.