- Business
- Space-Communication Ltd. (SCC.TA) provides satellite communication services worldwide through its fleet of AMOS satellites. The company offers on-the-move connectivity solutions; satellite broadband services, including high-speed two-way internet, broadband internet access for B2B and B2C customers, point-to-multipoint streaming, congestion-free IP trunking, and on-demand services; satellite broadcasting services such as direct-to-home (DTH), TV/audio origination and distribution, redundancy and backup, encryption, satellite news gathering, video signals packaging and up-linking, TV channels retransmission, and satellite TV programs broadcasting; hybrid cellular-satellite internet solutions; cross-region connectivity services; and satellite teleport services. In addition, it delivers government and corporate network solutions comprising local area network interconnection, VSAT networks, satellite VPN, data transmission, videoconferencing, telephony, fax transmissions to remote locations, point-of-sale applications including ATM and inventory reports, and internet applications.
Founded in 1989 and headquartered in Ramat Gan, Israel, the company operates primarily in the telecommunications sector, serving markets across Europe, the Middle East, North America, Asia, and Sub-Saharan Africa with coverage from satellites at key orbital positions including 4 degrees West (AMOS-3 and AMOS-7), 65 degrees East (AMOS-4), and others. Space-Communication Ltd. is a subsidiary of Eurocom Holdings (1979) Ltd. and maintains active operations through approximately 60 employees.
In recent developments, the company has been engaged in a prolonged debt restructuring process exceeding two years, with total debt reaching $378 million across three bond series as of mid-2025. In May 2025, Israel Aerospace Industries (IAI) and Phoenix Underwriting proposed a takeover plan involving a $155 million secured bond issuance backed by first liens on all Spacecom satellites, positioning IAI for control post-settlement and utilizing the company's estimated $210 million cash reserves to facilitate creditor repayments. This initiative follows prior attempts, including a withdrawn 51% stake acquisition by Hungary's 4iG Plc. in 2021 and a failed 2016 deal with Beijing Xinwei, amid ongoing efforts to ensure financial stability and operational continuity.