Spacecom did not identify the potential buyer, which it said was negotiating the purchase of all its shares.

Any deal would be subject to regulatory approval, Spacecom said in a statement to the Tel Aviv Stock Exchange.

Israel's Eurocom Holdings owns 64 percent of Spacecom and has reportedly been seeking to sell its stake. Spacecom has a market value of 837 million shekels ($222 million).

(Reporting by Tova Cohen)