HughesNet’s Brazil subsidiary Hughes do Brazil is celebrating its fifth birthday in Brazil and says it is now serving 5000 municipalities in Brazil with its broadband-by-satellite service. The operator says that for approximately 67 per cent of these subscribers – including those in the most remote and rural parts of the country – HughesNet is […]
Al Yah Satellite (YahSat) started trading on the Abu Dhabi stock exchange on July 14th. The company, backed by sovereign wealth fund Mubadala, confirmed that it expected its next satellite to launch in H2/2023. Ali Al Hashemi, the operator’s CEO, said: “The launch is [in] the second half of 2023 and by the second half […]
The IPO for Al Yah Satellite Communications (YahSat) was priced at 2.75 Dirhams (€0.63) per share, in the middle of the proposed indicative range, and interest was strong. Currently owned by Abu Dhabi’s sovereign wealth fund Mubadala, the 40 per cent of the company of offer gives YahSat a market capitalisation of 6.7 billion Dirhams. […]
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows it could raise up to 2.97 billion Dirhams (about $810 million) in what will be the first IPO on the Abu Dhabi stock exchange since 2017. The indicative range extends […]
Al Yah Satellite Communications (which trades as YahSat) and is fully owned by Abu Dhabi’s $243 billion sovereign wealth fund Mubadala Investment, has hired Abu Dhabi’s Abu Dhabi Commercial Bank, First Abu Dhabi Bank and HSBC Holdings as joint lead managers, according to an advertisement in local newspaper the National. YahSat currently has services covering […]
Abu Dhabi-based satellite operator Al Yah says that Airbus has wrapped the initial Preliminary Design Review (PDR) for the company’s upcoming Thuraya 4-NGS. Thuraya 4-NGS will have an L-band ecosystem with the upgrade of Thuraya’s space and ground and user (products and solutions) segments. Complemented by a 5G-ready core network, Yahsat’s newest satellite system will […]
Abu Dhabi’s Al Yah Satellite Communications (better known as Yahsat) is building a sixth satellite. The company also owns the Thuraya telecoms satellite system and, with Thuraya, have five satellites in total already operating. According to reports Yahsat is well advanced with its 6th satellite (Thuraya-4) under construction with Airbus. Thuraya-4 is designed to have […]
Nigeria’s Communications Commission (NCC), the regulatory body overseeing the country’s communications sector, has issued new licences and permits equal to 13 additional feeds from mostly existing satellite operators to provide satellite services within the country. The extra permits go to Intelsat, Eutelsat, Avanti, Yahsat, SES (via NSS New Skies), Inmarsat and Iridium. OneWeb is also […]
Airbus Defence & Space has won a contract to build a new communications geostationary satellite for Emirates-based Yahsat and its sister business Thuraya. There could be two satellites involved as Yahsat has taken an option for a second Thuraya craft. The confirmed order is for Thuraya-4 NGS (Next Generation System), and the option covers Thuraya-5 […]
Airbus is to aid Abu Dhabi to build a centre of satellite excellence in the Emirate. The project, backed by Abu Dhabi’s Tawazun Economic Council, has formed a collaboration with Airbus and the National Space Science and Technology Centre, (NSSTC), from UAE University, to build and develop a Satellite Assembly, Integration and Testing, (AIT), Centre […]