Beijing Xinwei Technology Group

Spacecom ‘will be sold’ to Xinwei

Chinese conglomerate Beijing Xinwei Technology Group is to go ahead with the purchase of Israel-based satellite operator Spacecom, but for less than previously anticipated, according to Israeli press. Xinwei had previously agreed to purchase the operator of the Amos satellites for US$285 million (€253 million) and take on debt of ILS1.478 billion (€347 million). According to […]

Chinese telecom group to acquire Spacecom

Israeli satellite operator Spacecom is to be sold to China’s Beijing Xinwei Technology Group for US$285 million (€253 million) in a deal that values the operator of the Amos satellites at a significant premium to its average stock price for the last month. Under the terms of the deal, the Chinese conglomerate will reportedly take on ILS1.478 […]