This year, if an explosive news does not come to China in 778, this is not a really explosive news.
The explosion of the SpaceX Falconry rocket at the end of August has actually involved China’s listed companies and also involves the dividends of the future Chinese Internet.
1. Amos-6 is not owned by FacebookThe latest explosive enough news was the explosion of the Falcon 9 rocket by the legendary star company Elon Musk.
This was the second bombing of the Space X rocket in a year or so. Musk sent Twitter for the first time, explaining the reasons for the explosion.
"Falcon 9 is an accident that occurred during the propellant filling operation. The cause should be the failure of the rocket oxygen tank, but the specific reason is unclear and remains to be further identified."
The explosion was even more compelling because it involved another star company, Facebook.
Because the satellites carried on the Falcon 9 rocket are just related to Facebook.
This satellite, known as Amos-6, is part of Facebook's Internet plan for Africa.
Using this satellite, Facebook can provide Internet services for sub-Saharan Africa. Facebook’s role in providing a grand plan for the Internet in remote areas has played a significant role.
Facebook’s CEO Mark Zuckerberg, who was visiting Africa, wrote on his home page that he regretted the news that the rocket failed and the satellite was damaged. The satellite was supposed to provide links for African businesses and users, but this And does not stop Facebook's confidence in connecting everything.
In the media report, it seems that this satellite is owned by Facebook. In fact, Facebook just rented the satellite's transponder.
The manufacture and ownership of this Amos-6 satellite belong to the Israeli company.
The satellite manufacturer is IAI (Israel Aircraft Industries) and the owner is SCC (Space-Communication Ltd).
SCC is an Israeli company founded on June 25, 1989 and listed on the Tel Aviv Stock Exchange of Israel on March 10, 2005. It is engaged in satellite operations, marketing, sales, trade and installation, and satellite services.
SCC owns Amos-2, Amos-3 and Amos-4 satellites and provides communication services via satellite.
In fact, the SCC originally owned the Amos-5 satellite. However, after the satellite was successfully launched in December 2011, it lost contact on November 22, 2015. After the Amos-5 service was stopped, it was acquired. $158 million in insurance.
In the remaining three satellites owned by SCC, the Amos-2 was operated on April 1, 2004 and will soon expire and stop service, so SCC purchased Amos-6 from IAI in an attempt to replace satellite 2 .
2. Amos-6 blast waveThis poor satellite did not die before the death.
However, the controversy, disputes, and follow-up around this satellite have not ended so easily.
This satellite is famous for Facebook, and Facebook is just a small tenant of this satellite.
The main role of the Amos-6 is to take over the customers of the Amos-2 satellites that have expired in service. The transferred Amos-6 satellite will follow the existing contract of the Amos-2 satellite.
Another big customer is Eutelsat (European communications satellite company), which is a new signing client like Facebook.
The orbit of Amos-2 is 4W, the frequency band is Ku, and the applications are mainly satellite direct broadcast TV platforms, video broadcasting, data and telecommunication services, and government-related services.
The Amos-6 explosion disrupted all plans.
In general, satellites need to be renewed for insurance, but because the Amos-2 service period has expired, all SCCs have not renewed their insurance coverage.
Amos-2 will receive compensation for its original customers, or will the Amos-2 be "naked" for extended service without any insurance? This all needs to be reconsidered.
In addition, for the remaining two satellites of the SCC, there is also the risk of changes in premium rates. At present Amos-3's annual insurance rate is 1.4%, Amos-4's annual rate is 1.2%.
However, when the Amos-5 was lost, the Amos-6 exploded, and the SCC continued to have problems, the insurance company could not underwrite the insurance with a low premium. It was a question mark.
According to Reuters, the future of the Israeli aviation industry is worrying because the Amos-6 is so advanced that it takes at least three years to develop alternatives to the 6th satellite.
3, SCC is uncertainBound with the explosion, there is the SCC's own fate.
On August 24th, the 36th meeting of the 6th Board of Directors of Beijing Xinwei Technology Group Co., Ltd. reviewed and approved the “Proposal to acquire and privatize 100% of the shares of Israel-listed company Space-Communication Ltd.â€. Results 8 votes agree, 0 votes against, 0 abstentions. Agreed to acquire 100% equity of SCC.
The deal was worth 285 million U.S. dollars.
Xinwei Technology was originally a subsidiary of China Datang Corporation. After the privatization process, it became a private company and was listed on the Shanghai Stock Exchange with the chairman Wang Jing.
Xinwei company's old line is communication and has the right to speak in this field. However, Xinwei’s reputation has risen, but it is related to a super project.
The Chairman of Xinwei Group, Wang Jing's HKND Group, drilled the Nicaragua Grand Canal in Nicaragua in central Central America, linking the Atlantic Ocean and the Pacific Ocean. The total length of 276 kilometers is three times that of the other Panama Canal connecting the Atlantic Ocean and the Pacific Ocean. After the canal was built, the HKND Group had 100 years of operating rights.
Xinwei was born out of state-owned enterprises and also has a low-key and pragmatic style of state-owned enterprises. Lay out the satellite strategy between quietly.
SCC is Israel's only satellite operation company. Due to the relationship between Israel and the United States, Xinwei’s acquisition of SCC also requires the approval of the U.S. and Israeli governments.
After the shareholders, the Israeli government, and the U.S. government all agreed, the acquisition will end in a perfect manner, but there will be rocket explosions and satellite scraps. SCC has a lot of fate.
After the explosion, SCC's stock hit a nine-month low, plunging 8.9%, closing 39.08 shekels (Israeli currency).
However, Xinwei will not suffer any loss due to the explosion. Because there are clear terms in the acquisition documents, the successful launch of the Amos-6 is an important condition for delivery completion.
Inquiry of Xinwei Group's announcement can be seen: In terms of the delivery terms (o), Amos-6. SCC has successfully launched the Amos-6 satellite and completed its on-orbit test.
Article (p), Satellite losses. The AMOS 2, AMOS 3, and AMOS 4 satellites did not experience a total loss or a partial loss of more than 50% of the satellite capacity.
In other words, if Amos-6 launch fails, or if it brings three other satellite premium changes or valuation changes, Xinwei is entitled to renegotiate pricing.
In fact, after the explosion occurred, on September 1, Xinwei immediately issued an announcement and an emergency suspension.
However, after the assessment, the company feels that it may have little effect and has decided to resume trading on September 5.
In the announcement, Xinwei specifically pointed out that “the acquisition has not yet been delivered, and the merger agreement has related to the launch of the Amos-6 satellite, so the launch loss of the Amos-6 satellite will not affect the financial status of the Xinwei Group. ."
4. Muffled China's BackThe oolong incident that launched the explosion and crowned Li Daye was apparently a Facebook satellite and actually belonged to a Chinese company. On satellite communications, the Chinese company that is keeping a low profile is expanding its territory.
In 2015, a total of 31 launches were conducted throughout the year, and 52 satellites were successfully delivered to the scheduled orbit. Of the 52 communications satellites, more than 70% are civilian commercial satellites. From the perspective of orbital distribution, only the United States, Russia, and Canada have deployed communication satellites in low Earth orbit (LEO), and other countries are deployed in the geostationary orbit (GEO).
As of the end of 2015, there were a total of 705 satellites in orbit around the world, of which the total number of satellites in orbit in the United States, Europe, and Russia accounted for more than 75%. From the perspective of on-orbit capabilities and scale, the United States, Europe, and Russia are still the top three in the field of foreign communications satellites.
Although China’s satellites in orbit are ranked second in China, there are 177, accounting for 12.8%; however, there are only 34 communications satellites in China, accounting for 19%, and the absolute number is far behind the US 334 and Russia’s 80. .
There is no doubt that the communication satellites are in the national strategy and the real-time convenience of communication. The satellites of Xinwei layout are a big game .
Through this acquisition, Xinwei Group will have important frequency and orbital resources, as well as three satellites in orbit, covering North America, Europe, the Middle East, Asia (including China), Russia, and Africa.
Together with the planned investment in the "Nixing 1" satellite project at the orbital position of 84.4 degrees West, the Xinwei Group's fixed satellite communications network will basically achieve global coverage and provide Internet access for Chinese overseas companies and related countries and regions. The strategic objectives of broadband information services such as access, high-definition broadcast television, and ground network long-distance transmission.
Even if the Amos-6 satellite fails, Xinwei still owns its frequency and orbital resources. Even the missing Amos-5 orbit of the 17E orbit is an invaluable resource.
In remote areas where traditional submarine cable and wireless communications are not covered, satellite communications are the best solution and alternative.
In the world where there is a relatively good communication infrastructure, the Internet is relatively developed. Basically, the development of the Internet is already approaching saturation.
At present, the demographic dividend of the Internet is in places where the infrastructure is least developed, such as sub-Saharan Africa and Central Asia. However, these places, regardless of telecom operation or network deployment, are extremely costly.
Facebook currently has 1.7 billion monthly active users and 1.1 billion daily lives, which is basically close to the limit of growth. If you want to expand users, you must focus on Africa, Central Asia and other places.
Satellite communications is one of the most cost-effective solutions in these backward areas, so Zuckerberg has spared no expense and hired the Amos-6 to provide Internet services to sub-Saharan users.
This is exactly what the satellite provider Xinwei Technology has hoped for.
Xinwei Group stated that SCC’s current track position is highly consistent with China’s “One Belt and One Road†strategy and is also in line with the company’s overseas project development plan.
In the future, when the services of traditional submarine cable and telecommunication operators are close to the ceiling, satellite communications will become the new dividend of the Internet and the second half of the Internet must be contested.
Even if there is no national strategic significance, the advancement of satellite communications in advance will be immeasurable. In addition, Xinwei used to engage in terrestrial communications. In order to stick to satellite communications from terrestrial communications and to build an integrated space-and-air information network, the future is truly limitless.
As the Internet dividends in China become thinner and thinner, perhaps more and more Chinese internet giants will extend their reach deep into satellite communications in the future.
We believe that the pieces played by Wei Weibu can be used in the future. Perhaps we don’t know the regular Xinwei in the Internet field now. The throat of the Internet in the future may also be uncertain.
Lei Feng Network (search "Lei Feng Network" public concern) Note: The author Chao Xianshao, Wang Chao's WeChat public account ("chao-xiansheng"), pays attention to the Internet and new technologies. Reprint, please be sure to indicate the source and public number, or resolutely find you trouble.