Spacecom Satellite Communications Ltd. (TASE:SCC) has signed a deal to provide satellite communications services in Africa. The services will be provided via its Amos-5 satellite.
The 6-year deal begins from the start of the commercial operation of the satellite in 2011. Spacecom expects total revenue from the deal to reach $47 million.
The customer has the right to cancel the deal, in whole or in part, beginning three years after the start of services.
The Amos 5 communications satellite is scheduled for launch in 2011 and to operate for 15 years on an orbit that will provide coverage of Africa and parts of Europe and the Middle East. Until the Amos 5 is ready, Spacecom will provide services via the Amos 5i satellite, whose services it purchased for $45 million in September 2009.
Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2010
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