PARIS — Mobile satellite services provider Thuraya Telecommunications Co. on Jan. 14 dismissed a Chinese company’s announcement that it would raise $200 million to purchase Thuraya, saying no negotiations with the ostensible buyer have been held.
Dubai, United Arab Emirates-based Thuraya said China Trends Holdings Ltd., headquartered in the Cayman Islands and operating from Hong Kong, appeared to be one of several companies whose interest in Thuraya has been sparked by Thuraya’s next-generation system.
The details of that system have not been fully disclosed beyond the fact that Thuraya will remain focused on L-band . . .
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