Yahsat takes controlling stake in Thuraya

27 Apr 2018

The United Arab Emirates (UAE)-based satellite operator Yahsat has entered into an agreement to acquire a majority stake in rival firm Thuraya, which is also based in the UAE. Yahsat says the deal will ‘significantly expand [its] current satellite solutions portfolio for both commercial and government verticals, as well as its global footprint’.

The addition of Thuraya’s two satellite platforms, serving over 140 countries, will expand Yahsat’s satellite fleet to five. The combination of geostationary satellites operating in the C, Ka, Ku and L-bands will cover Europe, Africa, the Middle East, South America and Asia, providing a broad range of fixed and mobile voice and data satellite services.

United Arab Emirates, Thuraya, Yahsat