SpaceCom Extends Capacity Deal with Israeli Broadcaster Yes DTH
Spacecom has signed an extension deal worth $14 million with D.B.S. Satellite Services, which operates Yes DTH in Israel. Yes will continue to lease capacity from the AMOS-7 and AMOS-3 satellites at Spacecom’s 4 degrees West orbital hotspot. Yes is the sole direct broadcast satellite television provider in Israel.
The Israeli satellite operator said in a July 12 announcement that this increases the company’s backlog to $100 million. This agreement comes with two potential six-month extension periods that could add an additional $7 million in revenue.
“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,” commented Spacecom CEO Dan Zajicek. “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.”
In addition, Spacecom announced that it has extended its lease agreement with Asiasat, which owns the AMOS-7 satellite, until 2024 with a reduced lease fee of $14 million.
Hungarian information technology and telecommunications company 4iG Plc. is currently in negotiations to take a majority 51% stake in Spacecom.