Israel’s Spacecom Hangs Tough, Signals End of Xinwei Attempted Buyout

Israel’s Spacecom Hangs Tough, Signals End of Xinwei Attempted Buyout

Israeli satellite communications company Spacecom has formally backed away from buyout talks with China’s Beijing Xinwei Technology Group, according to Space News. “At the moment there are no talks with Xinwei,” said Spacecom’s Senior Vice-President for Sales and Marketing, Jacob Keret, to Space News. Spacecom and Beijing Xinwei Technology Group had been in talks for…...

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