May 21, 2018 / 7:15 AM / a month ago

Israel's Spacecom gets $55 mln deal for African comms services

JERUSALEM, May 21 (Reuters) - Israel’s Space Communications said on Monday it signed an agreement with a foreign company for satellite communications services from its Amos-17 satellite that is slated to be launched in the second quarter of 2019.

The four-year deal to supply communications services mainly to Africa is worth $55 million and is expected to begin on either July 1, 2019 or at the start of operations of Amos-17, Spacecom said.

If regulatory approvals required are not received by July 15, 2018, either side may terminate the agreement and neither will have any liabilities towards the other.

Amos-17, being manufactured by Boeing and scheduled to be launched by Elon Musk’s SpaceX, is designed to meet the growing communication demands in Africa.

In September 2016, Amos-6 was destroyed days before its scheduled launch when a SpaceX launcher exploded. Spacecom also lost contact with another satellite in 2015.

Spacecom is 64 percent owned by Eurocom Holdings. (Reporting by Steven Scheer; editing by Tova Cohen)

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