Sony Pixel Power calrec Sony

Yahsat appointed by UAE Government to assess expansion of existing fleet with two new sate...

06/10/2021

Yahsat has been appointed to complete detailed analysis, assessment and recommendation for 2 new satellites, which would be targeted for launch in 2026

These anticipated new missions for the UAE Government would add capacity, coverage, and capabilities to enable next-generation applications

Launch of new satellites presents significant growth opportunities across Yahsat's business, and would further bolster contracted backlog and secure longer-term financial outlook

Abu Dhabi, UAE October 5, 2021 Al Yah Satellite Communications Company PJSC ( Yahsat and, together with its subsidiaries, the Group ) listed on the Abu Dhabi Securities Exchange ( ADX ) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE's flagship satellite solutions provider, today announced that it has been formally requested to perform a thorough study in order to support a contract to augment the capacity already provided to the United Arab Emirates (UAE) Government on its existing satellites, Al Yah 1 and Al Yah 2, with two potential additional satellites, Al Yah 4 and Al Yah 5.

The new anticipated capacity would augment the secure high-throughput capacity currently contracted on Al Yah 1 and Al Yah 2 with new coverage, capabilities and capacity to meet the next-generation demands of this key customer. The combined use of Al Yah 4 and Al Yah 5 with Al Yah 1 and Al Yah 2, which are expected to continue in parallel for several years, is expected to have a positive impact on Yahsat's future growth and secure the longer-term financial outlook.

Yahsat will pursue an RFP process to identify satellite vendors that offer the best technical and commercial solution to manufacture two geostationary satellites for a prospective launch by 2026 and make a recommendation to the UAE Government.

Any such agreement would further add to the Group's already significant contracted backlog, which stands out significantly from its industry peers at over five times current annual revenues, and underpins Yahsat's strong balance sheet, cash flow and low leverage position. These factors together form the right financial conditions to pursue such programs to create long-term shareholder value in parallel to delivering dividends.

Ali Al Hashemi, Group Chief Executive Officer at Yahsat, said: Yahsat has long been recognised as a strong national champion, a global ICT leader, and an enabler of critical communications infrastructure. This potential expansion of our fleet for the UAE Government would further underpin our long-term contracted backlog and reinforces our position as the UAE's primary supplier and preferred partner to the UAE Government for advanced satellite communications and critical satellite connectivity needs.

Al Hashemi added, We continuously strive to provide our customers and partners with best-in-class solutions and equipment. Today's announcement to assess the expansion of the existing fleet presents a significant opportunity to enhance Yahsat's business value for all stakeholders, allowing us to capitalise on our future growth strategy.

Yahsat has a long-standing relationship with the UAE Government going back over a decade. The first satellite, Al Yah 1, launched in 2011 and the second satellite, Al Yah 2, launched in 2012, serve markets in the Middle East, Africa, Europe and Central and South West Asia.
LINK: https://www.yahsat.com:443/en/news-and-media/news/2021/yahsat-appointe...
See more stories from yahsat

Most recent headlines

07/12/2022

EditShare Delivers Online Storage to China's BKW

EditShare Delivers Online Storage to China's BKW EditShare supports new storage and workflow design for popular reality show Boston, MA - December 7, 2022...

07/12/2022

HBCU GO Taps Hego for SWAC Football Coverage

MELVILLE, N.Y. Hego, a Chyron brand, has announced that it is providing HBCU GO, the media provider for the nations 107 Historically Black Colleges and Universi...

07/12/2022

Freefolk's Magical VFX for Fate: The Winx Saga

Freefolk's Magical VFX for Fate: The Winx Saga Brie Clayton December 7, 2022 0 Comments The award winning facility delivered 340 shots for another ...

07/12/2022

Moving MoonRay Open Source To Q1 of 2023

Moving MoonRay Open Source To Q1 of 2023 Brie Clayton December 7, 2022 0 Comments December 2022 update from Moonray Folks, we're working hard on g...

07/12/2022

End of the Road for FBoy Island

HBO Max has canceled FBoy Island, which ran for two seasons. Hosted by Nikkie Glaser, the dating competition series followed three women who move to a tropical ...

07/12/2022

AXS TV Harmonizes With Spectrum on Grants for Music Education

Music and entertainment network AXS TV is jamming with Charter Communications' Spectrum to provide $50,000 in grants to support music education in communiti...

07/12/2022

Brian Taff To Anchor 6 P.M. Newscast on WPVI-TV

ABC's station in Philadelphia, WPVI-TV, named Brian Taff as the new anchor of its 6 p.m. newscast, succeeding Jim Gardner who is retiring after 46 years at ...

07/12/2022

Lionsgate Promotes Sandra Stern to Vice Chairman of TV Group

Lionsgate said that Sandra Stern has been promoted to vice chairman of the company's television group....

07/12/2022

Paramount's Bob Bakish Says Ad Market Weaker Than Expected

Paramount Global CEO Bob Bakish provided more testimony that the advertising market is weaker heading into the end of the year....

07/12/2022

Kenan Thompson Hosts Peoples Choice Awards on NBC, E!

Kenan Thompson hosts the People's Choice Awards on NBC and E! Tuesday, December 6. The event happens at Barker Hangar in Santa Monica. E! starts things off ...

07/12/2022

NBCU Claims Big Ad Impact Over Thanksgiving Weekend

NBCUniversal says its advertisers had hundreds of millions of reasons to be thankful over the Thanksgiving weekend -- one of the business shopping periods of th...

07/12/2022

Collin Gaston Promoted to Senior VP by Gray Television

Gray Television said it promoted Collin Gaston to senior VP overseeing the company's TV station in the South, Texas and Colorado....

07/12/2022

Vevo Says Most-Viewed Artist Of 2022 Is Karol G

Music-video service Vevo said that Karol G was the most-viewed artist globally in 2022 with 2.76 million views....

07/12/2022

Peter Lawo has Passed Away at 85

Lawo founder Peter Lawo passed away Nov. 24, 2022, at the age of 85....

07/12/2022

Amazon embraces virtual production with AWS-powered stage featuring 80x26ft LED wall

The stage where Its A Wonderful Life was shot has been turned into a virtual pro...

07/12/2022

Davie: UK media industry must work together during transition to internet-only world

We have reached a defining decade for the future of this incredible sector and t...

07/12/2022

Lawo announces passing of its founder

Peter Lawo has passed away at the age of 85 By Jenny Priestley Published: December 7, 2022 Peter Lawo has passed away at the age of 85 target=_blank titl...

07/12/2022

SBE Expands SBE Ennes Workshop at 2023 NAB Show

The Society of Broadcast Engineers has announced that it is expanding its SBE Ennes Workshop from one to two days at the NAB Show in Las Vegas in April....

07/12/2022

HBCO Go Taps Hego for SWAC Football Coverage

MELVILLE, N.Y. Hego, a Chyron brand, has announced that it is providing HBCU GO, the media provider for the nations 107 Historically Black Colleges and Universi...

07/12/2022

Study: Unicast Streaming Will Increase Video Energy Usage

BRISTOL, U.K. While media and tech firms have made notable progress in recent years in reducing the energy consumption of the video industry and its impact on t...

07/12/2022

P-Plate comedy returns with Christmas special

07 12 2022 - Media release P-Plate comedy returns with Christmas special Dylan Hesp in A Very Street Racer Christmas Screen Australia and One Stone Pictures ...

07/12/2022

Cameras set to wrap on Warwick Thorntons The New Boy

07 12 2022 - Media release Cameras set to wrap on Warwick Thorntons The New Boy Aswan Reid on the set of The New Boy Photo by Ben King Award-winning First ...

07/12/2022

Camera to Cloud Beta for RED is Here!

Camera to Cloud Beta for RED is Here! Brie Clayton December 6, 2022 0 Comments During Adobe MAX in October we announced our new integration with RED V-...

07/12/2022

SMPTE, MovieLabs, and EBU Publish Media in the Cloud: Ontology and Semantic Web Technology Navigation Guide'

SMPTE, MovieLabs, and EBU Publish Media in the Cloud: Ontology and Semantic Web...

07/12/2022

Sony Electronics Expands DWX Series with New Plug-on Transmitter

Sony Electronics Expands DWX Series with New Plug-on Transmitter Brie Clayton December 6, 2022 0 Comments The Next-Generation DWT-P30 Creates a Complet...

07/12/2022

Introducing the next generation of Nuke with the first stage of a completely new 3D system built on USD

Introducing the next generation of Nuke with the first stage of a completely new...

07/12/2022

The Broadening World of Radio: Emerging Leaders Profile on Zenobia Dowdy

It's only been a short time for me, but Zenobia has been great. She brings great energy and focus into the building each day! - CBC Radio Brand Manager Ch...

07/12/2022

December Durham Night Market This Thursday at American Tobacco

The Durham Night Market returns at the American Tobacco this Thursday, December 8, 2022. The open-air, free family friendly event showcasing Durham's creati...

07/12/2022

WATCH: Imbewu - The Seed, tonight's teaser E171 S5

WATCH: Imbewu - The Seed, tonight's teaser E171 S5Catch up on what's going on to night on Imbewu. Episodes of Imbewu air on e.tv from Mondays to Fridays...

07/12/2022

WATCH: Muvhango - Tonight's teaser E502 S22

WATCH: Muvhango - Tonight's teaser E502 S22Don't miss out on the latest drama in Muvhango! Muvhango episodes airs on SABC2 from Mondays to Fridays at 21...

07/12/2022

WATCH: Gomora - Tonight's teaser E163 S3

WATCH: Gomora - Tonight's teaser E163 S3Don't miss out on what's happening on tonight's episode of Gomora, and watch the latest episode every we...

07/12/2022

People's Choice Awards 2022: Complete list of the winners [watch]

People's Choice Awards 2022: Complete list of the winners [watch]The stars stepped out in their red carpet best for the 2022 People's Choice Awards. Che...

07/12/2022

Stephanie Roche is the eighth star to join Dancing with the Stars

Footballer and commentator Stephanie Roche has announced that she is joining Dancing with the Stars which returns to RT One in January. She was in full festive...

07/12/2022

Banking on AI: Deutsche Bank, NVIDIA to Accelerate Adoption of AI for Financial Services

Deutsche Bank Wednesday announced a partnership with NVIDIA to accelerate the us...

07/12/2022

License for the AI Autobahn: NVIDIA AI Enterprise 3.0 Introduces New Tools to Speed Success

From rapidly fluctuating demand to staffing shortages and supply chain complexit...

07/12/2022

Visual Effects Artist Jay Lippman Takes Viewers Behind the Camera This Week In the NVIDIA Studio'

Editor's note: This post is part of our weekly In the NVIDIA Studio series, ...

07/12/2022

Uzalo' January Spoilers: Nkunzi loses Gabisile

Uzalo' January Spoilers: Nkunzi loses Gabisile Uzalo' January teasers reveal that Gabisile will break up with Nkunzi and publicly reveal her relationshi...

07/12/2022

Daily devotion: Your bible verse and prayer for 07 December 2022

Daily devotion: Your bible verse and prayer for 07 December 2022GOOD MORNING! Here's your daily bible verse and prayer to get you ready and excited about yo...

07/12/2022

This is MeNow': J.Lo teases first new album in nine years!

This is Me Now': J.Lo teases first new album in nine years! Dear Ben Pt. II: J.Lo will be releasing a brand new album with a special song for husband Ben Af...

07/12/2022

Flexible with the truth': Tweeps weigh in on Harry & Meghan'

Flexible with the truth': Tweeps weigh in on Harry & Meghan'Prince Harry and Meghan Markle are catching flack from Tweeps following the release of the ...

07/12/2022

2022 LGBTQ must-watch shows and movies

2022 LGBTQ must-watch shows and movies2022 is coming to an end and we are looking back at the 5 LGBTQ movies and shows that topped the charts this year. by O...

07/12/2022

Where to watch MaMkhize's star-studded Thanksgiving Special

Where to watch MaMkhize's star-studded Thanksgiving SpecialCatch the glitz and glam of Shauwn MaMkhize' Mkhize's BET two-part special KwaMaMkhize ...

07/12/2022

Hark! Is that Kate Middleton's Royal Carols' concert loading?

Hark! Is that Kate Middleton's Royal Carols' concert loading? Royal Carols: Together at Christmas': Viewers can look forward to Kate Middleton'...

07/12/2022

WATCH: Skeem Saam - Tonight's teaser E113 S11

WATCH: Skeem Saam - Tonight's teaser E113 S11Find out what's going on tonight on Skeem Saam!. Skeem Saam episodes airs on SABC1 Mondays to Fridays at 18...

07/12/2022

WATCH: Uzalo - Tonight's teaser E198 S8

WATCH: Uzalo - Tonight's teaser E198 S8Don't get left behind, catch up on Uzalo now! Episodes of Uzalo air on SABC1 from Mondays to Fridays at 20h30. b...

07/12/2022

WATCH: House of Zwide - Tonight's teaser E103 S2

WATCH: House of Zwide - Tonight's teaser E103 S2Don't miss out on what's happening on tonight's episode of House of Zwide and Catch the latest e...

07/12/2022

WATCH: The Queen - Tonight's teaser E98 S7

WATCH: The Queen - Tonight's teaser E98 S7Don't miss out on what's happening tonight's in The Queen and Catch the latest teaser every weekday at...

07/12/2022

WATCH: Generations - The Legacy, tonight's teaser E273 S8

WATCH: Generations - The Legacy, tonight's teaser E273 S8Keen to know what's happening on the latest episode of Generations: The Legacy?. Generations ai...

07/12/2022

WATCH: The River - Tonight's teaser E218 S5

WATCH: The River - Tonight's teaser E218 S5Watch tonight's episode of The River and catch the latest episode every weekday at 20:00 on 1 Magic, don'...

07/12/2022

WATCH: Diep City - Tonight's teaser E178 S2

WATCH: Diep City - Tonight's teaser E178 S2We've got you covered on what's happening tonight. Episodes of Diep City air on Mzansi Magic from Mondays...