Amos Spacecom Considering Options including Sale, Merger

Tel Aviv, Israel, December 13, 2013--Israel-based satellite operator Spacecom issued a formal notice to the Tel Aviv Stock Exchange that it was open to offers for a sale – or merger – of its company. Spacecom operates the Amos fleet of satellites which covers Europe, Africa, the Middle East and Asia.

Spacecom has hired investment firm JPMorgan as an adviser for the transaction. Spacecom is controlled by Eurocom Holdings Ltd., which owns several telecom companies in Israel. The note to the stock exchange stated that the process is at an early stage “and there is no certainty that a deal will be carried out”.

Media reports suggest that the Spacecom is considering US $500 million-$600 million for its assets.  A new Amos satellite, Amos-6, is scheduled for launch in 2015