Thuraya, the mobility arm of the UAE’s flagship satellite solutions provider, Yahsat and eSAT Global have announced that they have successfully completed an over-the-air demonstration of low-latency, direct-to-satellite IoT texting system by transmitting low-power IoT messages over Thuraya’s satellite network (Thuraya-2 Satellite ‘T2’). This milestone is the first of several milestones that Yahsat expects to […]
Bayanat, a provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company PJSC (Yahsat), the UAE satellite solutions provider, have announced a comprehensive Space Programme aimed at building national satellite remote sensing and Earth Observation (EO) capabilities within the UAE to commercially address business opportunities in the local and global EO market. The programme […]
Al Yah Satellite Communications Company (Yahsat), the UAE satellite solutions provider listed on the Abu Dhabi Securities Exchange, has announced its consolidated financial results for the quarter ending March 31st 2023. Yahsat continued to deliver year-on-year growth in revenue, EBITDA and Net Income, which increased 2 per cent, 4 per cent and 35 per cent […]
Yahsat, which also controls Abu Dhabi-based Thuraya Telecommunications, is putting $17.5 million (€16m) into a satellite-based Internet of Things (IoT) operator Astrocast. Astrocast is based in Switzerland and the investment is in the form of a convertible loan and will help with Astrocast’s target which is to raise almost $48 million this year. Astrocast has […]
Abu Dhabi-based Yahsat has released a White Paper on the evolution of the MENA space and SATCOM Sectors. The operator says it has witnessed “unprecedented growth” in the overall $469 billion (€442.1bn) MENA space economy (according to the Space Foundation) and which Morgan Stanley says could surge to over $1 trillion by 2040. Yahsat says […]
Abu Dhabi-based Yahsat has issued RFPs for two new satellites (Al Yah 4 and Al Yah 5) with launch targets of 2026-2027. The news came as part of the operator’s financial results for the nine months to September 30th. Yahsat says almost all of its divisions reported growth with improved revenues and that the company […]
Abu Dhabi-based satellite operator Yahsat is aquiring a minority stake in California-based eSAT Global. Yahsat has used its Thuraya subsidiary for the acquisition. eSAT Global is an Internet of Things (IoT) connectivity solutions provider that it says will bring a new disruptive, low-cost, low-latency, direct-to-satellite IoT service to the market. The service will start later […]
Abu Dhabi-based satellite operator Yahsat will pay out an interim dividend of AED 196.6m ($53.5m) by October 14th. Yahsat says its interim cash dividend covers the first half-year’s trading for 2022. The interim dividend will be paid by to all shareholders of record and is equivalent to 8.06 AED fils per share. On an annualised […]
Abu Dhabi-based Al Yah Satellite Communications (Yahsat) has announced that its dedicated government arm, Yahsat Government Solutions (YGS), has been successfully awarded a contract by the UAE Government, to provide satcom capabilities for its platforms. Ali Al Hashemi, Group CEO/Yahsat, said: “This contract award serves as a testament to Yahsat’s position as the preferred partner […]
Abu Dhabi-based Yahsat reported revenues of $407.6 million (€364.7m) for its full year’s trading (to December 31st 2021), up 7.9 per cent on the previous year. The satellite operator also enjoyed its highest-ever Net income (profit attributable to shareholders) of $69.8 million. It contracted backlog has grown 35 per cent over the year to $2 […]