Brief: SatixFy Announces Strategic $60 Million Transaction Including A Commercial Agreement & Subsidiary Sale With MDA

Satixfy Communications

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

Source text for Eikon:  ID:nBw8b4RGGa 
Further company coverage:  MDA.TO