BEIJING XINWEI TO ACQUIRE SPACECOM
On August 24, Beijing Xinwei Technology Group (Xinwei) and
Space-Communication Ltd. (Spacecom) announced the sale of Spacecom
to Xinwei subsidiary Luxembourg Space Telecommunication S.A. for
$285m, representing a 44% premium on Spacecom's average trading
price over the last three months. Following closing of the
transaction, Xinwei plans to privatize Spacecom; however, based on
the terms of the transaction and due to Spacecom's regulatory
licenses, Spacecom will remain an Israeli company and will continue
to operate its satellites from Israel.
EUTELSAT AGREES TO SELL WINS STAKE
On August 8, Eutelsat Communications S.A. (Eutelsat) announced
that it entered into an agreement with SpeedCast International
Limited (SpeedCast) whereby SpeedCast will acquire Eutelsat's
70% ownership interest in maritime connectivity services provider
WINS Limited for a purchase price based on a total enterprise value
of approximately €60m.
