13 October 2016
In August a Luxembourg-based offshoot of Beijing-based Xinwei Group announced it had bought Spacecom of Israel (Space Communication Ltd), operators of the AMOS fleet of satellites for $285 million, an impressive – some might say courageous – premium of 41 per cent on the stock market valuation. This thrust by Chinese companies to expand their presence in the world of satellite communications my not have ended. China already has interests in APT Satellite of Hong Kong, and holds a 6.67 per cent stake in Eutelsat (via China Investment Corp.) and where it is the second-largest institutional shareholder. In London, Avanti Communications is up for sale and market gossip suggests China could be interested in the film’s assets.
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