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China’s Xinwei buys Israel’s Spacecom for $190 million

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China’s Xinwei buys Israel’s Spacecom for $190 million

Chinese telecommunications company Beijing Xinwei Technology Group will buy Israeli satellite communications company, Spacecom, for U.S.$190 million, according to Israeli press reports. Beijing Xinwei Technology Group was originally going to pay U.S.$285 million for Spacecom, contingent upon the successful launch of Spacecom’s Amos-6 communications satellite. The Amos-6 communications satellite was destroyed when a static engine…...

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Tags: AMOS-2 AMOS-3 AMOS-6 Beijing Xinwei Technology Group Co. Ltd.Cape Canaveral Air Force Station China Israel Satellite Communications Space-X Space-X Falcon 9 Space Launch Vehicle Spacecom Tel Aviv Stock Exchange United States

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