31 October 2017
China Aerospace Science and Industry Corporation (CASIC) is considering the establishment of a satellite company to tap the space-based communications market. Tan Qianhong, Party Chief of China Space Sanjiang Group, a CASIC subsidiary in Hubei province, said Sanjiang has submitted a plan on the proposed satellite firm to CASIC and is waiting for approval. The new entity would focus mainly on the research, development and launch of small satellites that would operate in low orbit and provide narrowband communications service.
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