YAHSAT COMPLETES THURAYA ACQUISITION AND APPOINTS NEW CEO
05/08/2018
Further management appointments include Marcus Vila a as Chief Technical Officer and Shawkat Ahmed as Chief Commercial Officer
Acquisition catapults Yahsat into the mobile satellite services space, complementing its stronghold in fixed satellite solutions
Abu Dhabi, UAE, 5th August 2018: Today, Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, completed the acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya.
Ali Al Hashemi, who has led Yahsat Government Solutions, Yahsat's specialised unit fulfilling defense and governmental client requirements, for the past few years is announced as the new CEO of Thuraya, while former CEO Ahmed Al Shamsi will remain as Advisor to the CEO. Ali Al Hashemi, will at the same time continue to be General Manager of Yahsat Government Solutions.
Commenting on the Thuraya acquisition, Masood M. Sharif Mahmood, CEO of Yahsat stated: The Thuraya acquisition provides us with an ideal opportunity to grow and diversify our business, bolstering our satellite solutions capabilities on both government and commercial fronts.
By integrating the portfolios of the two companies under the leadership of Ali Al Hashemi, we will together be able to offer a comprehensive mobile and fixed satellite services portfolio, further strengthening our value proposition to our customers. We are excited about growing together and understanding how we can work in unison, share new ideas, and ultimately serve our customers better.
Yahsat has also named Marcus Vila a as Thuraya's Chief Technical Officer. Marcus will continue his role in Yahsat as the Chief Technical Officer in addition to his newly announced role in Thuraya. Marcus brings over 35 years of experience in the satellite industry, acquired from Embratel, SES, Inmarsat and Yahsat, importantly bringing invaluable experience from the mobile satellite services sector.
Shawkat Ahmed is appointed as Thuraya's Chief Commercial Officer succeeding Rashid Baba's tenure as Thuraya's Acting Chief Commercial Officer. Shawkat carries over 22 years of experience in satellite communications attained through occupying senior commercial leadership roles in Yahsat, Thuraya and Telstra V-Comm.
Ali Al Hashemi, CEO of Thuraya stated: I would like to thank Ahmed Al Shamsi for his exceptional leadership and contribution towards building Thuraya into a global mobile satellite services player throughout his tenure spanning more than two decades with Thuraya, Ahmed is a true veteran in the satellite industry, Thuraya will benefit from his expertise through his advisory role.
The acquisition of the UAE's first home grown satellite operator, Thuraya, is set to significantly expand Yahsat's current satellite solutions portfolio on both commercial and government fronts and creates a strong platform to capture the growing opportunity around IoT and M2M applications across both sectors.
Thuraya's two satellites, serving over 160 countries, will join the Yahsat fleet, expanding the group's satellite fleet to five. The combination of geostationary satellites operating in the C, Ka, Ku and L-bands will jointly cover Europe, Africa, the Middle East, South America, and Asia, providing a broad range of Fixed and Mobile Satellite Services spanning voice and data communications to both commercial and government sectors.
About Yahsat
Yahsat is a leading global satellite operator, providing multipurpose satellite solutions for broadband, broadcast, government and 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, Yahsat's commercial Ka-band coverage will be extended to an additional 20 markets, reaching 60% of Africa's population and over 95% of Brazil's population. For more information, visit www.yahsat.ae
About Thuraya Telecommunications Company
Thuraya Telecommunications Company is an industry leading MSS operator and a global telecommunication provider offering innovative communications solutions to a variety of sectors including energy, broadcast media, maritime, military and humanitarian NGO. Thuraya's superior network enables clear communications and uninterrupted coverage across two thirds of the globe by satellite and across the whole planet through its unique GSM roaming capabilities. The company's diverse range of technologically superior and highly reliable mobile satellite handsets and broadband devices provide ease of use, value, quality and efficiency. Thuraya remains committed to serving humanity through delivering the essential tools for optimal connectivity, never leaving anyone out of reach. Visit www.thuraya.com
LINK: | http://www.thuraya.com/content/yahsat-completes-thuraya-acquisition-an... |
See more stories from thuraya |
More from Thuraya
23/04/2024
Thuraya signs agreement with CYSEC to offer powerful satellite encryption and cybersecurity solution
Abu Dhabi, 23 April, 2024 : Partnership delivers greater cybersecurity to Thura...
02/04/2024
Algrie Tlcom Satellite unveiled as official distributor in Algeria for new SKYPHONE by Thuraya
Abu Dhabi, 02 April, 2024 : Abu Dhabi, United Arab Emirates, 2 April 2024: Thur...
18/03/2024
Thuraya partners with Niflink to deliver telemedicine and eLearning to users across its network
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
18/03/2024
Thuraya partners with Niflink to deliver telemedicine and eLearning to users across its ne...
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
22/02/2024
Thuraya unveils SKYPHONE by Thuraya' - the world's most powerful consumer smartphone with satellite connectivity at Mobile World Congress 2024
Abu Dhabi , 22 February, 2024 : The first universal Direct-to-Device (D2D) Android smartphone with satellite voice and SMS capability Abu Dhabi, 22 February 2...
22/02/2024
Thuraya unveils SKYPHONE by Thuraya' - the world's most powerful consumer smartphone with...
Abu Dhabi , 22 February, 2024 : The first universal Direct-to-Device (D2D) Andr...
21/11/2023
Thuraya collaborates with Norway-based AnsuR Technologies to distribute its advanced video compression solutions
Abu Dhabi, 21 November, 2023 : Abu Dhabi, UAE, 20 November 2023: Thuraya Teleco...
21/11/2023
Thuraya collaborates with Norway-based AnsuR Technologies to distribute its advanced video...
Abu Dhabi, 21 November, 2023 : Abu Dhabi, UAE, 20 November 2023: Thuraya Teleco...
26/10/2023
Thuraya and Nybl Announce Strategic Partnership Redefining Satellite Communications with A...
Abu Dhabi, 26 October, 2023 : New partnership highlights Thuraya's continui...
23/10/2023
Thuraya and YahClick Partner with Gate for Technologies Co. Ltd (G4T) to Boost Satellite-enabled Connectivity in South Sudan
Abu Dhabi, 23 October, 2023 : Service partnership agreement covers vital sector...
17/10/2023
Thuraya to revolutionize shipping container transport with Cypod Solutions' industry-first CyLock Satcom Product
Abu Dhabi, 17 October, 2023 : The innovative IoT Product provides tracking, ...
12/10/2023
Yahsat to showcase innovative satellite enabled solutions during GITEX 2023
Abu Dhabi, 12 October, 2023 : The company is set to forge several new partnerships with leading companies to enrich its portfolio of Internet of Things (IoT) a...
11/08/2023
Yahsat Strengthens its Presence in China Amid Growing Demand for its World-class Satellite-enabled Connectivity Solutions
Abu Dhabi, 11 August, 2023 : Yahsat's Commercial team is exploring ways ...
11/08/2023
Yahsat Strengthens its Presence in China Amid Growing Demand for its World-class Satellite...
Abu Dhabi, 11 August, 2023 : Yahsat's Commercial team is exploring ways ...
22/06/2023
Yahsat's powerful communications solution at centre stage of cross-border rescue of Chinese fishermen stranded in Japan waters
Abu Dhabi, 22 June, 2023 : Chinese embassy officials commend Yahsat for its sup...
22/06/2023
Yahsat's powerful communications solution at centre stage of cross-border rescue of Chine...
Abu Dhabi, 22 June, 2023 : Chinese embassy officials commend Yahsat for its sup...
14/06/2023
Thuraya Welcomes Minister of State His Excellency Ahmed Ali Al Sayegh to its pavilion at CommunicAsia 2023 in Singapore
Abu Dhabi, 14 June, 2023 : Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunicat...
14/06/2023
Thuraya Welcomes Minister of State His Excellency Ahmed Ali Al Sayegh to its pavilion at C...
Abu Dhabi, 14 June, 2023 : Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunicat...
08/06/2023
Yahsat Embarks on an Action-packed Week of Activities in Singapore as It Targets International Market Expansion
Abu Dhabi, 08 June, 2023 : Yahsat Asia Week' showcased innovative solution...
08/06/2023
Yahsat Embarks on an Action-packed Week of Activities in Singapore as It Targets Internati...
Abu Dhabi, 08 June, 2023 : Yahsat Asia Week' showcased innovative solution...
23/05/2023
Thuraya and eSAT Global Announce Satellite IoT Breakthrough with Low-Latency Messaging
Abu Dhabi , 23 May, 2023 : Demonstration of low-power IoT messages' tran...
25/04/2023
Thuraya launches new firmware to reinforce the success of its leading flagship MarineStar solution
Abu Dhabi, 25 April, 2023 : Over 29,000 MarineStar devices have been sold si...
25/04/2023
Thuraya launches new firmware to reinforce the success of its leading flagship MarineStar ...
Abu Dhabi, 25 April, 2023 : Over 29,000 MarineStar devices have been sold si...
18/04/2023
Yahsat Wins MSUA Satellite Mobile Innovation Award for Thuraya's Push-To-Talk Mobility Solution
Abu Dhabi, 18 April, 2023 : Yahsat has been recognized with the prestigious ...
18/04/2023
Yahsat Wins MSUA Satellite Mobile Innovation Award for Thuraya's Push-To-Talk Mobility Sol...
Abu Dhabi, 18 April, 2023 : Yahsat has been recognized with the prestigious ...
06/04/2023
Thuraya Enters Agreement to Offer the Archon GoSilent Cube Encryption Solution
Dubai, 06 April, 2023 : The GoSilent Cube client is the smallest, lightest, and most cost-effective hardware encryptor for secure communications The GoSil...
03/04/2023
Yahsat's Mobility Arm Thuraya and Astrocast Strengthen Collaboration through a Strategic Investment in LEO IoT
Abu Dhabi, 03 April, 2023 : Thuraya agrees heads of terms for investment in ...
03/04/2023
Yahsat's Mobility Arm Thuraya and Astrocast Strengthen Collaboration through a Strategic I...
Abu Dhabi, 03 April, 2023 : Thuraya agrees heads of terms for investment in ...
16/03/2023
Yahsat Selects Comtech for Development of Advanced Location Tracking Solutions as Part of Its Thuraya Next Generation Systems
Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...
16/03/2023
Yahsat Selects Comtech for Development of Advanced Location Tracking Solutions as Part of ...
Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...
15/03/2023
Thuraya Launches New Tactical Satellite Communication Solution in Collaboration with Cobham Satcom
Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...
15/03/2023
Thuraya Launches New Tactical Satellite Communication Solution in Collaboration with Cobha...
Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...
17/02/2023
Yahsat and Cobham SATCOM Complete Critical Design Review for Thuraya's Next Generation Broadband Products and Service Platform
Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...
17/02/2023
Yahsat and Cobham SATCOM Complete Critical Design Review for Thuraya's Next Generation Bro...
Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...
11/01/2023
Yahsat Wins Best Marine Satellite Technology Accolade at Middle East Technology Excellence Awards 2022
Abu Dhabi, 11 January, 2023 : The game-changing solution, Thuraya MarineStar,...
11/01/2023
Yahsat Wins Best Marine Satellite Technology Accolade at Middle East Technology Excellence...
Abu Dhabi, 11 January, 2023 : The game-changing solution, Thuraya MarineStar,...
23/12/2022
Yahsat Honours Lives of Fishermen Saved in the Philippines
Manila, 23 December, 2022 : Yahsat's mobility solution Thuraya XT-LITE was utilized to save the lives of seven fishermen who were stranded in waters...
11/10/2022
Yahsat Acquires a Minority Stake in eSAT Global
Abu Dhabi, 11 October, 2022 : Thuraya, Yahsat's mobility business, signs complementary commercial agreement to develop a Next Generation IoT Platform with ...
01/07/2022
Yahsat Announces Appointment of Sulaiman Al Ali as Chief Commercial Officer of Yahsat to Drive Next Phase of YahClick and Thuraya Growth
Abu Dhabi , 01 July, 2022 : In his new capacity, Sulaiman Al Ali will lead b...
01/07/2022
Yahsat Announces Appointment of Sulaiman Al Ali as Chief Commercial Officer of Yahsat to D...
Abu Dhabi , 01 July, 2022 : In his new capacity, Sulaiman Al Ali will lead b...
01/06/2022
Thuraya Celebrates 15 Years of Pioneering Satcom Leadership in Asia-Pacific
Abu Dhabi , 01 June, 2022 : New office opened in Singapore as part of the festivities Thuraya, the mobility solutions subsidiary of the UAE's flagship sat...
28/02/2022
Thuraya Launches its Innovative Push-to-Talk Communications Solution with Cobham SATCOM
Abu Dhabi , 28 February, 2022 : The new solution will provide users the abil...
24/02/2022
Thuraya Announces Partnership with Delnet International Corporation in the Philippines
Abu Dhabi, 24 February, 2022 : Thuraya and Delnet are bringing game-changing...
13/01/2022
Thuraya Signs Service Partner Agreement with Libya-based Altaqnya to Launch Multi-Platform Products and Solutions
Abu Dhabi , 13 January, 2022 : Thuraya signs service partner agreement with ...
13/01/2022
Thuraya Signs Service Partner Agreement with Libya-based Altaqnya to Launch Multi-Platform...
Abu Dhabi , 13 January, 2022 : Thuraya signs service partner agreement with ...
25/11/2021
Yahsat Announces Global Agreement with Ericsson to Boost Telecommunications Technologies, Automation and IoT Sales and Services
Abu Dhabi, 25 November, 2021 : Yahsat will provide advanced telecommunicatio...
25/11/2021
Yahsat Announces Global Agreement with Ericsson to Boost Telecommunications Technologies, ...
Abu Dhabi, 25 November, 2021 : Yahsat will provide advanced telecommunicatio...
23/11/2021
Yahsat's Mobility Arm estimates $80 million of revenues from new broadband distribution agreement with Cobham SATCOM
Abu Dhabi, 22 November, 2021 : Cobham SATCOM to be appointed as the main dist...
23/11/2021
Yahsat's Mobility Arm estimates $80 million of revenues from new broadband distribution ag...
Abu Dhabi, 22 November, 2021 : Cobham SATCOM to be appointed as the main dist...