RRsat Completes
Acquisition Of Hawley Teleport In Pennsylvania
(2 May 2008) RRsat Global
Communications Network Ltd., a rapidly growing provider of comprehensive
content management and global distribution services to the television and radio
broadcasting industries, announced today that it has completed the previously
announced acquisition of the Hawley Teleport located in Pike County,
Pennsylvania, for approximately US$ 4.25 million, of which US$ 4 millions in
cash and US$ 250 thousands in services.
RRsat acquired all the
property, assets and earth station licenses of the Hawley Teleport from Skynet
Satellite Corporation. The Hawley Teleport, formerly owned by satellite
operator Loral Skynet, includes approximately 200 acres, a 3 floor
communication building, communications equipment and antennas, in which
substantial resources have been invested during the teleport's 33 years of
operation.
"We are very pleased to complete the acquisition of this
premier teleport facility in Pennsylvania, our first such acquisition in the
United States. This acquisition is the first step in our strategic plan to
build a strong local presence in North America, further expanding our
proprietary RRsat Global Network. We believe that the teleport is uniquely
suited to complement our growing services and customer base given its
facilities, as well as being geographically well-positioned for our service
requirements," commented David Rivel, Founder and CEO of RRsat.
Mr.
Rivel added, "We were assigned the 13 FCC earth station licenses previously
held by Skynet and we are seeking to identify new value enhancing synergies in
order to develop and offer additional services to our customer base - in North
America, and globally."
About RRsat Global Communications Network
Ltd.
RRsat Global Communications Network Ltd. provides global,
comprehensive, content management and distribution services to the rapidly
expanding television and radio broadcasting industries. Through its proprietary
"RRsat Global Network," composed of satellite and terrestrial fibre optic
transmission capacity and the public Internet, RRsat is able to offer
high-quality and flexible global distribution services for content providers.
RRsat's comprehensive content management services include producing and playing
out TV content as well as providing satellite newsgathering services (SNG).
RRsat concurrently provide these services to more than 425 television and radio
channels, covering more than 150 countries.
(source: RRSat Global
Communications Network)
