JERUSALEM, April 27 Acquisition talks between
Beijing Xinwei Technology Group and Israeli
satellite operator Space Communications remain frozen,
a senior Spacecom official was quoted as saying.
"At the moment there are no talks with Xinwei," Jacob Keret,
Spacecom's senior vice president for sales and marketing for
Europe, North Africa and the Middle East, told SpaceNews.
"The shareholders are still looking for a buyer. This has
been done for the last three years. It doesn't affect us on a
daily basis as a company. We get used to this uncertainty."
A Spacecom spokesman confirmed Keret's comments.
Last August Beijing Xinwei said it sought to buy Spacecom
for $285 million, which was conditional on the successful launch
of the Amos-6 satellite. Amos-6 was destroyed two days before
its scheduled launch in an accident and the price of the deal
was lowered to $190 million.
Spacecom in January said no discussions have been held in a
while and the two sides remain divided over several fundamental
issues, but that other entities have expressed interest in the
(Reporting by Steven Scheer; Editing by Tova Cohen)