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Israel’s Spacecom buys Boeing Satellite for $161 Million, to Launch in 2019

JERUSALEM (Reuters) – Israeli satellite operator Space Communications said on Wednesday it would launch a new telecommunications satellite in 2019 after losing a prior one in an explosion.

Spacecom said it was buying a satellite from Boeing Satellite Systems International for $161 million.

The new satellite, Amos-17, is aimed at expanding and strengthening Spacecom’s coverage of growing satellite service markets in Africa, the Middle East and Europe, it said.

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