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Yahsat’s Thuraya 4-NGS project reinforces Airbus Defence and Space’s position as a leading provider of electric propulsion geostationary satellites.
Yahsat’s program to build Thuraya 4-NGS entails a complete overhaul of Thuraya’s space and ground platforms to enable new services, products, and solutions across a greater coverage area.
Airbus has been selected by Al Yah Satellite Communications Company (Yahsat) to build Thuraya 4-NGS.
Yahsat holds an option with Airbus to build Thuraya 5-NGS, an additional satellite identical to Thuraya 4-NGS.
Until Jupiter-3 is available, Hughes is using capacity from Yahsat’s Al Yah-3 satellite to maintain service.
Mubadala raised AED 2.68 billion by selling 40% of Yahsat’s share capital at AED 2.75 per share through the IPO.
Al Yah Satellite Communications Company PJSC was established in the United Arab Emirates in 2007 to provide SATCOM services and global connectivity.
Mubadala raised about $730,000,000 by selling a 40% stake in Yahsat through the ADX listing.
Yahsat began trading on the Abu Dhabi Securities Exchange (ADX) on 2021-07-14 with shares ending their first day of trading up 1.8% following an IPO.
Yahsat acquired Thuraya in 2018 and two of Yahsat’s current satellites came from Thuraya.
Yahsat and Airbus completed a preliminary design review to construct the Thuraya 4-NGS satellite, which will target maritime, internet of things devices, and data solutions.
Yahsat plans to list at least 30% of its shares on the Abu Dhabi Securities Exchange in the third quarter of 2021.
Yahsat plans to sell between 731.9 million and 975.9 million shares, corresponding to a stake of between 30% and 40%.
Yahsat awarded Airbus Defence and Space a contract in August 2020 to build a satellite to refresh Thuraya’s legacy L-band network slated to launch in 2024.
Yahsat plans to support the Thuraya 4-NGS system with a 0.005 kg-ready ground network.
Al Yah Satellite Communications Company (Yahsat) and Airbus completed the Preliminary Design Review (PDR) for the Thuraya 4-NGS satellite.
GMV will deploy and integrate the control center supplied under the Yahsat contract.
GMV signed a contract with UAE-based Al Yah Satellite Communications Company (Yahsat) to supply the control center and flight dynamics system for Yahsat’s sixth satellite, Thuraya 4NGS.
Masood Sharif Mahmood will step down from his role as Chief Executive Officer of Yahsat Group effective 2021-04-18, after nearly nine years in the role.
Ali Al Hashemi will take over as Chief Executive Officer of Yahsat Group from 2021-04-18.