RRsat Finalizes Acquisition of Pennsylvania-based Teleport

RRsat Global Communications Network Ltd. [NASDAQ: RRST] has completed their previously announced acquisition of the Hawley Teleport, located in Pike County, Pennsylvania, for approximately $4.25 million, of which $4 million is in cash and $250,000 thousand 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. Mr. David Rivel, Founder and CEO of RRsat, said, “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.”—Omer, Israel