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Yahsat, the satellite solutions provider in the UAE, has announced […]

Yahsat, the leading satellite solutions provider from the UAE, has […]

e& UAE and Al Yah Satellite Communications Company, a satellite […]

Yahsat and Ericsson will offer integrated essential connectivity solutions to address industrial concerns such as a lack of network separation for communications, high operating costs, and data speed and coverage limits.

The Offering creates an opportunity for investors to participate in the potential strategic growth of a leading integrated satellite communication services provider. Mubadala will remain as majority shareholder of Yahsat’s issued share capital.

Thuraya 4-NGS is part of a transformational programme delivering a comprehensive, new 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 ensure increased coverage and capacity, while delivering next generation mobility solutions for all customer segments, including defence, government, enterprise and consumers.

Under the MoU, the new company will develop technologies and produce products around three main streams: Aeronautical Satcom Technologies, Satellite Modem Technologies and Enablement of other Satcom Products and Technologies. It will leverage the significant knowledge and expertise establishment in the UAE and will be complemented by select international experts to build a global leader in this sector.

Masood M. Sharif Mahmood, CEO, Etisalat UAE operations, said: "It is a privilege to join Etisalat one of the world's leading telecom groups and ranked the strongest brand across all categories in the Middle East and Africa. This exciting appointment represents a great milestone and a motive to work continuously towards adding value for the services and solutions provided to Etisalat customers."

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has said that industries of the future are central to the UAE government’s efforts to secure sustainable long-term economic growth.