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Defense Ministry said seeking to block sale of satellite firm to Orban ally

15 7 29
05.12.2021

The defense establishment is reportedly seeking to block Hungarian communications firm 4iG Plc from purchasing a majority stake in Spacecom Satellite Communications Ltd., the supplier of various Israeli satellite services and the operator of the AMOS fleet of satellites.

Senior defense officials fear that the sale could undermine one of Israel’s most important strategic tools and could lead to a situation in which classified information on citizens, cabinet ministries and various security bodies would fall into the hands of bad actors, the Haaretz daily reported Sunday.

“This is a ridiculous deal that leaves Israel’s satellite communications in the hands of unstable and undemocratic personalities,” a senior defense official told the newspaper.

The sale of Spacecom, which is defined as a “strategic asset,” must be approved by the Defense Ministry.

A security source further told Haaretz, however, that following the sale of various strategic assets to China, such as Haifa Port, desalination facilities, food companies and light........

© The Times of Israel


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