Yahsat Acquires majority stakes in Thuraya

UAE satellite operator Yahsat announced that it has reached an agreement to acquire substantial stakes in satellite operator Thuraya. As per reports received so far, no specific details of the agreement have been disclosed. Thuraya is renowned for being a successful mobile satellite operator serving over 140 countries. The company provides Wi-Fi hotspot and satellite telephone services for land vehicles, aircraft, boats, emergency responders, individuals, governments, and myriad other customers.

Yahsat, which owns three satellites, provides broadband connectivity to VSAT and mobile networks and delivers television broadcasting as well. Yahsat said that the acquisition of Thuraya, UAE’s first owned satellite operator, will be a significant expansion move for the company’s present satellite solutions spectrum from both government and commercial vertical perspectives.

The acquisition of Thuraya will result in the addition of its two L-band satellites in the Yahsat fleet of three satellites.