Spacecom is buying its newest spacecraft from an American supplier without relying on financial support from the Export-Import Bank of the United States, according to a company official.
Israeli satellite operator Spacecom is denying media reports that it has concluded an agreement to sell itself to the Chinese conglomerate Beijing Xinwei Technology Group, claiming instead that talks are still ongoing.
China’s presumed ambition to snatch up satellite spectrum by purchasing struggling satellite operators around the world was one of the hottest topics at this years APSCC conference, despite the absence of the Chinese government.
Spacecom Chief Executive David Pollack on Sept. 5 said his company’s putative buyer, Beijing Xinwei, remains engaged with the transaction despite the Sept. 1 destruction of Spacecom’s Amos-6 telecommunications satellite during a prelaunch test by launch-service provider SpaceX.
A SpaceX Falcon 9 rocket on Aug. 14 successfully placed the JCSat-16 commercial telecommunications satellite into geostationary transfer orbit and successfully landed the rocket’s first stage on a drone ship in the Atlantic Ocean.
Satellite fleet operator SES on April 27 said Internet social-media giant Facebook had leased capacity on three in-orbit SES satellites to provide Wi-Fi connectivity in sub-Saharan Africa.
As Spacecom prepares to file a total loss claim to its insurance underwriters, Chief Executive David Pollack says other operators' pricing moves in Africa "will ruin the market."