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Al Yah Satellite Communications Company’s Abu Dhabi Teleport was awarded the World Teleport Association’s Tier 4 Certification.
Yahsat’s appointment of Amit Somani is part of the company’s efforts to implement its wider growth strategy.
Amit Somani rejoins Yahsat after previously working at the company from 2010 to 2022.
Abu Dhabi-based companies YahSat and Bayanat announced a merger in December of the prior year to create a new holding company called Space42.
Hasan Al Hosani's appointment and Dr. Marpu’s inclusion in WGIC demonstrate Bayanat’s commitment to influencing the direction of geospatial technologies.
Bayanat is positioned at the forefront of shaping the future of AI-powered geospatial technologies.
Bayanat joins industry giants such as Oracle and Esri in the WGIC.
Dr. Prashanth Marpu, Bayanat’s VP of Research and Development, will serve as a WGIC Board Member.
Bayanat has become a member of the World Geospatial Industry Council (WGIC).
Bayanat plans to leverage its expertise in AI and data analytics to drive innovation in the geospatial community.
Hasan Al Hosani's appointment as a Patron Board Member reflects his leadership and Bayanat’s status in the global geospatial community.
As a member of WGIC, Bayanat gains access to industry insights and collaborative opportunities.
Hasan Al Hosani, Bayanat’s Managing Director, has been appointed as a Patron Board Member of WGIC.
Viasat, Terrestar Solutions, Ligado Networks, Omnispace, and Yahsat created the Mobile Satellite Services Association on 2024-02-09 as a non-profit to harmonize Mobile Satellite Services for integration with standardized devices.
The combined Bayanat–Yahsat entity has an implied market capitalization of over AED 15 billion (more than $4,000,000,000) based on both entities’ closing share prices as at 2023-12-18.
Space42 is a proposed combination of regional satellite operator Yahsat and geospatial intelligence provider Bayanat valued at around $4,000,000,000.
Yahsat provides broadband, video broadcasting, backhaul, and mobile voice and data services with a fleet of five geostationary satellites.
Bayanat planned to perform geospatial analytics and develop AI algorithms for the SAR data leveraging Yahsat’s satellite infrastructure backbone.
In May, Yahsat and Bayanat ordered five UAE-focused synthetic aperture radar satellites from Finnish Earth observation operator Iceye, with the first targeting launch in the first quarter of 2024.
Under plans announced 2023-12-19, Bayanat and Yahsat shareholders would take 54% and 46% of Space42, respectively, if the deal closes in the second half of 2024.