All verified mentions of this organization in source documents.
Yahsat plans to order two replacement satellites for Thuraya by the end of 2019 to continue Thuraya’s L-band connectivity service.
Thuraya’s target is to sign a contract for the two replacement satellites by the end of 2019.
Thuraya’s two Boeing-built satellites were designed to last at least 12 years, putting Thuraya-2 three years past its expected end date.
Thuraya currently operates two Boeing-built satellites, Thuraya-3 and Thuraya-2.
Etisalat helped create Thuraya by leading a $500,000,000 investment round in 1997.
Etisalat sold its Thuraya shares to a YahSat company called Star Satellite Communications Company following completion of regulatory approvals and YahSat’s condition of acquiring at least 75.001% of Thuraya.
Etisalat sold its 28 percent stake in satellite operator Thuraya to YahSat for $37,000,000.
Thuraya operates two L-band satellites used for voice and data services.
In 2016 Thuraya partnered with Viasat to release a Thuraya satellite terminal that worked on Viasat’s network, expanding Thuraya’s reach to North America.
The Futura constellation was originally planned to launch in 2020, but Thuraya has yet to order any spacecraft for the program.
Thuraya announced plans in 2016 for a next-generation constellation called Futura intended to provide global L-band coverage and possibly include high-throughput Ka-band payloads.
Thuraya-2 and Thuraya-3 provide coverage for most of the world except for the Americas.
Thuraya was formed in 1997 and raised roughly $500,000,000 from investors led by the Emirates Telecommunications Co., Etisalat.
Yahsat is acquiring a majority stake in Thuraya for an undisclosed amount on 2018-04-26.