
Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat's unique position and knowledge as the leader in satellite broadband solutions across these regions. Hughes will purchase a minority interest in the venture.
The new venture will continue to provide unserved and underserved communities with reliable, high-speed Internet services operating over Yahsat's Al Yah 2 (AY2) and Al Yah 3 (AY3) Ka-band satellites, and leveraging the capabilities of the Hughes JUPITER System, designed and optimized for large scale High-Throughput Satellites (HTS). Hughes will also supply its proven Operating and Business Support System (OSS/BSS) solutions for comprehensive network operations and management.
Initially, the venture will focus on direct-to-premise services to homes and small- to medium-sized enterprises, and to community centers and schools that are served under local government programs across these regions. In parallel, there will be an increased focus on community hotspot solutions to make satellite-enabled broadband more accessible to many more users across the AY2 and AY3 footprint, which currently covers more than 1 billion people. In addition, the venture will also aim to capitalize on the accelerating transition towards Ka-band based backhaul and carrier solutions from mobile network operators.
Masood M. Sharif Mahmood, chief executive officer, Yahsat said: The partnership with Hughes plays a significant role in Yahsat's growth story and serves as an important step in achieving our vision to providing global satellite broadband services to individuals, communities, governments and businesses in unserved and underserved communities. Yahsat's remarkable track record and experience in operating YahClick, combined with Hughes technology leadership and experience, are a winning proposition to unlock the mass market potential of satellite broadband services across the region. I am very pleased to see our longstanding partnership with Hughes as a supplier over the years now advance to this strategic and very important joint venture for Yahsat.
Pradman Kaul, president of Hughes, said: Yahsat has been a valued customer for many years, incorporating our JUPITER System and operating expertise into their services. This next step in our relationship is a natural evolution that builds on our shared commitment to connecting the unconnected and reflects our strategy to partner with leading providers around the world. Our investment in this venture will expand our presence in Africa, the Middle East and southwest Asia markets, where broadband demand is expected to grow exponentially in the coming years.
Completion of the transaction is subject to customary regulatory approvals and closing conditions, and is expected to occur later this year.
Press Conference
Yahsat and Hughes will host a press conference on Tuesday, September 11 at 2:30 p.m. Paris time at the Westin Paris. Members of the media who cannot attend in person are invited to join by teleconference. For details, please visit: www.hughes.com/pressconference
About Yahsat
Yahsat is a leading global satellite operator, providing multipurpose satellite solutions for broadband, broadcast and government communications use across the Middle East, Africa, Europe, and Central and South West Asia. Headquartered in Abu Dhabi, UAE, and wholly owned by Mubadala Investment Company, the investment vehicle of the Government of Abu Dhabi Yahsat is the first company in the Middle East and Africa to offer Ka-band services including YahClick, Yahsat Government Solutions, YahLink and Yahlive via its Al Yah 1 and Al Yah 2 satellites.
With the recent launch of Al Yah 3 satellite, Yahsat's commercial Ka-band coverage will be extended to 20 additional markets, reaching 60% of Africa's population and over 95% of Brazil's population.
Yahsat has recently acquired a majority and controlling stake in Thuraya, UAE's first home-grown mobile satellite services operator, the acquisition enables Yahsat to provide a broad range of Fixed and Mobile Satellite Services to over 160 countries.
In September 2018, Yahsat and Hughes have announced a new joint venture to provide satellite broadband services to the Middle East, Africa and Southwest Asia markets, the Brazilian market is excluded from this transaction.
For more information, visit www.yahsat.ae
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet , the world's largest satellite network with over 1.2 million residential and business customers across the Americas. For large enterprises and governments, the company's HughesON managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies. The JUPITER System is the world's most widely deployed High-Throughput Satellite (HTS) platform, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 7 million terminals to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.
Headquartere
More from Yahsat
11/05/2022
1Q22 revenue of AED 362.5 million [USD 98.7 million], up 9.4% year-on-year
1Q22 Adjusted EBITDA of AED 213.4 million [USD 58.1 million], up 6.8% year-on-year ...
29/04/2022
Yahsat has been appointed to enable UAE Government platforms with a satellite co...
12/04/2022
All resolutions approved at AGM including amendment to dividend policy allowing ...
08/03/2022
MoU signed to collaborate on line-fitting unmanned vessels and pre-qualifying Ya...
07/03/2022
Yahsat and Edge have agreed to line-fit pre-qualified Comms-On-The-Move (COTM) s...
01/03/2022
FY2021 revenue of AED 1.49 billion [USD 407.6 million], increased year-on-year driven by exceptional 4Q21 performance in which revenues grew 7.9% vs. prior year...
14/02/2022
Yahsat will provide managed services for ground satellite communications services and solutions for the next 5 years
Agreement represents an important mileston...
03/02/2022
Yahsat will deliver advanced and secure satellite communication solutions
Yahs...
20/12/2021
Abu Dhabi, 20 December 2021: The collaboration between Emirates Schools Establis...
26/11/2021
Yahsat will provide advanced telecommunication services and solutions to integra...
23/11/2021
Cobham SATCOM to be appointed as the main distributor, on a non-exclusive basis,...
22/11/2021
Abu Dhabi, United Arab Emirates, 21 November 2021: Al Yah Satellite Communications Company PJSC ( Yahsat and, together with its subsidiaries, the Group ), the...
18/11/2021
The MoU establishes a framework to discuss the provision of fixed and maritime V...
17/11/2021
The initiative combines UAE talent and international expertise to create a self-...
15/11/2021
Abu Dhabi, United Arab Emirates, 14 November 2021: Al Yah Satellite Communications Company PJSC ( Yahsat and, together with its subsidiaries, the Group ), the...
08/11/2021
Year to date revenues broadly in line vs prior year with strong momentum going i...
07/11/2021
The MoU brings together Yahsat's advanced upstream satellite capabilities an...
29/10/2021
YahClick expands its satellite broadband enterprise solutions in Nigeria, Zambia...
11/10/2021
The agreements adds significantly to Yahsat's anticipated future cash flows ...
10/10/2021
The proposed update to the dividend policy to be presented for approval at the C...
06/10/2021
Yahsat has been appointed to complete detailed analysis, assessment and recommen...
10/09/2021
Abu Dhabi, United Arab Emirates, 8th of September 2021: Al Jazira Sports Club today announced a new partnership with Al Yah Satellite Communications Company PJS...
10/09/2021
The partnership with Cobham SATCOM will enable Yahsat to enhance data services f...
09/09/2021
Yahsat selects Falcon 9 to launch its Thuraya 4-NGS satellite
SpaceX designs, manufactures and launches the world's most advanced rockets and spacecraft
T...
03/09/2021
New Spacecraft Control System to provide highly secure and reliable monitoring a...
12/08/2021
Robust financial performance, with AED 698 million [USD 190 million] in revenues...
15/07/2021
Abu Dhabi, United Arab Emirates, 14 July 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Group ), a leading satellite communications servic...
10/07/2021
Abu Dhabi, United Arab Emirates, 9 July 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Company ) today announces the successful completion...
28/06/2021
Al Yah Satellite Communications Company PJSC ( Yahsat or the Company ) today a...
22/06/2021
Al Yah Satellite Communications Company (Yahsat), the leading global satellite o...
22/06/2021
- The offering creates an opportunity for investors to participate in the strate...
24/03/2021
Emirates Red Crescent Authority signs Memorandum of Understanding (MoU) with Yah...
08/03/2021
Abu Dhabi-UAE: 20 February 2021 Khalifa University of Science and Technology, ...
24/02/2021
Yahsat Government Solutions provides customers a comprehensive range of platform...
23/02/2021
Collaboration will focus on the production of critical aeronautical, modem and other advanced satcom technologies in the UAE.
Aims to harness local knowledge,...
10/02/2021
Abu Dhabi, UAE, 9th February 2021: Al Yah Satellite Communications Company (Yahsat) has announced the appointment of three new members to its Board of Directors...
09/11/2020
The PMO will oversee the delivery of Thuraya 4-NGS using Yahsat's experienced Emirati workforce, while in parallel developing more UAE citizens to lead futu...
08/09/2020
Abu Dhabi / Toulouse, August 26, 2020 Airbus has been selected by Al Yah Satel...
10/08/2020
Abu Dhabi-UAE: 30 July 2020 Khalifa University of Science and Technology, the ...
30/06/2020
Abu Dhabi, UAE, 10 May 2020: In a bid to ensure continuity of learning for stude...
30/06/2020
Abu Dhabi, UAE, 30 June 2020: Al Yah Satellite Communications Company (Yahsat), the leading UAE-based global satellite operator, announced that its Board of Dir...
29/04/2020
The UAE Ministry of Education (MoE) has announced that it is collaborating with ...
05/02/2020
Abu Dhabi, UAE, 4 February 2020: Al Yah Satellite Communications Company (Yahsat) has announced that it has won the prestigious Emiratisation Award from the UAE...
18/12/2019
Abu Dhabi, UAE, 18th December 2019: The Al Yah Satellite Communications Company (Yahsat) has announced four new Emirati executive appointments across governme...
06/12/2019
Abu Dhabi, UAE, November 19th : Thuraya, the mobile satellite services subsidiary of the UAE-based Al Yah Satellite Communications Company (Yahsat), in partners...
22/11/2019
Abu Dhabi, UAE, November 19th : Thuraya, the mobile satellite services subsidiary of the UAE-based Al Yah Satellite Communications Company (Yahsat), in partners...
13/11/2019
Live airborne streaming on Thuraya Aero highlights the solution's critical e...
27/06/2019
Abu Dhabi, 24 June, 2019 Khalifa University of Science and Technology today an...
07/05/2019
Washington, DC, May 6, 2019 SATELLITE 2019, Booth 1100 Al Yah Satellite Communications Company (Yahsat), a leading global satellite operator based in the Un...
11/09/2018
Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems ...