Spacecom

Spacecom extended its satellite communication agreement with the Israeli government through late 2028 via the Amos 4 satellite, securing approximately 28 million NIS in cumulative revenue.

Spacecom director Jon Rosenberg bids to buy Eurocom's 31.4% stake, valuing the company at 140 million NIS, as receiver Hagai Ullman prepares a competitive public tender.

Despite $2.2 million in exchange rate expenses, Spacecom, operator of the Amos satellite fleet, recorded its fifth consecutive quarter of net profit. Revenue grew by 15%, with an order backlog reaching $66 million.