Abu Dhabi-based businesses, YahSat and Bayanat, announced their merger last December. The final stage in the plan which is to create a new holding company called Space42 is close. Both companies in the merger have announced special General Assembly meetings to be held simultaneously on April 25th in order to vote on the scheme. The […]
Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, and its mobile satellite services arm, Thuraya Telecommunications Company, are set to showcase a wide range of innovative next-generation satellite communications solutions during Satellite 2024. The four-day conference in Washington DC runs from March 18th to 21st and brings together industry leaders with […]
Thuraya, part of Yahsat, is in the process of merging with Bayanat into new business Space42. But while Yahsat reported a respectable 6 per cent rise in 2023 revenues, it was its Thuraya division which generated an impressive 23 per cent increase. Yahsat bought Thuraya in 2018. Thuraya operates large satellites using L-band for mobility-based […]
Abu Dhabi-based satellite operator YahSat enjoyed a 6 per cent uplift in revenues for its 2023 trading year according to preliminary accounts. The extra cash came in particular from its Thuraya Telecom subsidiary. However, overall operating profit fell 15 per cent because of write downs on the accelerated depreciation of its Al Yah 3 satellite […]
Abu Dhabi’s Yahsat (Al Yah Satellite) is planning to merge with Bayanat, which specialises with geospatial imagery and analytics. The combined company will trade as Space42. The news has more than a few surprises. First is that Yahsat will be the junior partner in the deal. The second is that the combined business has hired […]
Al Yah Satellite Communications Company (Yahsat), the UAE satellite solutions provider, has received the an AA Leader Rating on the Morgan Stanley Capital International (MSCI) ESG Index for 2023 in the Environmental, Social, and Governance (ESG) category across its business operations. The MSCI ESG Ratings are designed to evaluate a company’s resilience to long-term, financially […]
Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, has been selected by ADASI, an entity of the EDGE Group and a leading provider of Unmanned Aerial Vehicles (UAVs), to equip its REACH-S platforms with Yahsat’s cutting-edge, secure satellite communications solutions. By combining forces in this way, both Yahsat and ADASI reaffirm […]
Bayanat, a provider of AI-powered geospatial solutions, and Al Yah Satellite Communications (Yahsat), the UAE’s flagship satellite solutions provider, have announced the expansion of their Earth Observation (EO) space programme from five to seven synthetic aperture radar (SAR) satellites. The expansion of the constellation – with technology and expertise provided by programme partner ICEYE, a […]
Al Yah Satellite Communications Company (Yahsat), the UAE’s satellite solutions provider has announced its consolidated financial results for the nine months ended September 30th 2023. Revenue and Normalised EBITDA grew 3 per cent for the first nine months of the year versus the prior year to reach AED 1.2 billion (€302.4m) and AED 713 million […]
Thuraya Telecommunications Company, the mobility arm of the UAE satellite solutions provider, Al Yah Satellite Communications Company, has signed a Memorandum of Understanding (MoU) with nybl, an Artificial Intelligence (AI) and Machine Learning (ML) platform with headquarters in the UAE. The agreement sets out the framework for introducing AI and ML-driven solutions over Thuraya and […]