Yahsat buys majority stake in Thuraya
April 27, 2018
By Chris Forrester
Abu Dhabi-based satellite operator Yahsat is taking a controlling stake in fellow-Emirati satellite company Thuraya.
Thuraya operates in the L-band, and is well-known for its provision of sat-phone and other maritime and military services.
The acquisition of the UAE’s first home grown satellite operator, Thuraya, will significantly expand Yahsat’s current satellite solutions portfolio for both commercial and government verticals, as well as its global footprint.
The acquisition will set Yahsat on a new phase of growth, with Thuraya bringing 20 years of innovation and experience in the mobile satellite services market along with a rich portfolio of products and services complimented by a renowned brand.
Thuraya’s two satellites, serving over 140 countries, will join the Yahsat fleet, expanding the group’s satellite fleet to five. The combination of geostationary satellites operating in the C, Ka, Ku and L-bands will jointly cover Europe, Africa, the Middle East, South America, and Asia, providing a broad range of Fixed and Mobile Satellite Services spanning voice and data communications to both commercial and government sectors.
Terms were not revealed.