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Beijing Xinwei Technology Group

CN

Beijing Xinwei Technology Group is a Chinese company involved in wireless communication products and services, including potential activities in the space industry. In 2010, the company partnered with Tsinghua University to develop low-orbit communications satellites. Although a past acquisition attempt of Spacecom, an Israeli satellite operator, was ultimately unsuccessful, Xinwei has expressed ambitions to establish a "network of air and space information" with over thirty satellites. Key areas of activity include communication satellites, wireless communication equipment, and network solutions.

commercial
Beijing, China
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All verified mentions of this organization in source documents.

Beijing Xinwei Technology Group nearly agreed to buy Spacecom in 2016 for around $285,000,000.

RelationshipsFinancialValue 4.0Jun 15, 20214iG to buy majority of Spacecom in a boost for Hungary’s first commercial satellite

The 2016 plan for Beijing Xinwei Technology Group to buy Spacecom collapsed after a SpaceX launchpad explosion destroyed Spacecom’s Amos-6 satellite, even after the offer price fell to around $190,000,000.

RelationshipsFinancialGeneralValue 4.3Jun 15, 20214iG to buy majority of Spacecom in a boost for Hungary’s first commercial satellite
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