Spacecom has signed a follow-on extension contract with T-Home DTH, the leading DTH provider in Hungary and a brand of Magyar Telekom, announced Spacecom recently.
The new agreement secures services until the end of 2024 and is worth a minimum USD 8.6 Million. The T-Home DTH platform currently broadcasts over 160 channels throughout Hungary including over 30 in HD via the AMOS fleet at the 4°W orbital position. As the country’s largest TV broadcasting service, it reaches over 33% of Hungarian households. Magyar Telekom launched the platform in 2008.
Hungary is a key Spacecom market. Last month, the company reported it is negotiating with 4iG, a Hungarian information technology and telecommunications company, for the latter to take a majority 51 percent stake in the Israel-based satellite services company.
Oren Tepper, Spacecom’s SVP Global Sales
For more than a decade we have developed a trusting working relationship with Magyar Telekom and I am honored by their vote of confidence in our fleet and future plans for 4°W. This extension agreement demonstrates that our capabilities, professionalism and value delivered are vital elements contributing to T-Home’s DTH business future.
Dan Zajicek, CEO, Spaceom
The deal will strengthen and widen Spacecom’s operating potential in Eastern Europe and create joint ventures and synergy between the companies.
