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Tag Archives: Beijing Xinwei Technology Group Co. Ltd.

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 …

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Israel’s Netanyahu Visits China, Discusses Cyber, Science, and Technology Cooperation, Investments

Following immediately on the heels of Saudi Arabia’s King Salman, Israeli Prime Minister Benjamin Netanyahu is leading a delegation to China, arriving on March 19, 2017, in order to discuss and enhance strategic and economic ties between the two countries. Among the various topics to be discussed between Israel and …

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UAE’s Thuraya subject of Chinese bid, but denies any talks are underway

Peter B. de Selding, the former international correspondent of Space News, reports in his new venture SpaceIntelReport.com, that Hong Kong-based company China Trends Holdings Ltd. is considering buying Dubai-based satellite communications company Thuraya for U.S.$201 million. Within days of the announcement by China Trends Holdings Ltd., Thuraya issued a statement …

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SpaceX cites technical failure in AMOS-6 launch blast

SpaceX announced on 2 January 2017 that it had identified the cause of the catastrophic explosion of its Falcon-9 space launch vehicle (SLV) containing Israeli company Spacecom’s AMOS-6 communications satellite on 1 September 2016. SpaceX and U.S. government and space industry experts believe that the explosion occurred due to the …

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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 …

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Israel’s great space recovery? IAI engineers fixing Ofek-11 in orbit, first images transmitted

Israeli press outlets are reporting that Israel Aerospace Industries (IAI) engineers are resolving many of the technical faults discovered on its latest reconnaissance satellite – Ofek-11 – launched last week on 13 September 2016 from Palmachim Air Base in Israel. Further, IAI engineers are quietly confident that the remaining problems …

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Israel’s double space whammy? Newly-launched Ofek-11 spy satellite not responding to commands

The Israeli government secretly launched its Ofek-11 electro-optical reconnaissance satellite on a Shavit space launch vehicle from Palmachim Air Base in Israel on the night of Tuesday, 13 September 2016. Shortly after launch, however, it became apparent that there were problems with the Ofek-11 satellite, built by Israel Aerospace Industries …

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Israel’s Spacecom sale in jeopardy after SpaceX Falcon-9 explosion destroys Amos-6 payload

The sale of the Israeli commercial satellite communications company Spacecom to Chinese telecommunications company Beijing Xinwei Technology Group is now in jeopardy after Spacecom’s Amos-6 communications satellite was destroyed when a static engine test of a SpaceX Falcon-9 rocket went wrong at Cape Canaveral Air Force Station in Florida, United …

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Israel’s Spacecom to be sold to Chinese group after launch of Amos-6

Shareholder’s of Israel’s Spacecom, operator of the Amos fleet of commercial communications satellites, announced on 24 August 2016 that they has agreed to sell the company for U.S.$285 million to Chinese telecommunications company Beijing Xinwei Technology Group Co. Ltd. It is believed that the sale will proceed, subject to Israeli …

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