Spacecom secures 2-year extension of lease of AsiaSat-8 for $14M/year, down from initial deal’s $22M

by Peter B. de Selding

PARIS — Satellite fleet operator Spacecom of Israel has secured a 36% reduction in the annual cost of leasing Hong Kong-based AsiaSat’s AsiaSat-8 satellite for an addition to years, to 2024, to $14 million.

Spacecom, which is awaiting a mid-August approval by Hungarian and Israeli authorities to sell 51% of itself to Hungary’s 4iG telco — — also announced July 12 that its biggest customer, Yes DTH, had agreed to a two-year contract . . .

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