Brief: SatixFy Announces Strategic $60 Million Transaction Including A Commercial Agreement & Subsidiary Sale With MDA
31/08/2023 11:14
Aug 31 (Reuters) - MDA Ltd MDA.TO :
* SATIXFY ANNOUNCES STRATEGIC $60 MILLION TRANSACTION
INCLUDING A
COMMERCIAL AGREEMENT & SUBSIDIARY SALE WITH MDA
* SATIXFY COMMUNICATIONS LTD- HAS DECIDED STRATEGICALLY TO
FOCUS
ITS SPACE BUSINESS ON BEING A TECHNOLOGY PROVIDER TO SATELLITE
PAYLOAD DESIGN COMPANIES
* SATIXFY COMMUNICATIONS- DEAL INCLUDES OF A $40 MILLION
SHARE
PURCHASE AGREEMENT, SELLING SATIXFY'S HOLDINGS IN ITS SATIXFY
SPACE SYSTEMS UK LTD TO MDA
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