
Yahsat Asia Week' showcased innovative solutions of its mobility arm, Thuraya, and explored opportunities for forging new partnerships in the Asia Pacific region
Abu Dhabi, UAE, 8 June 2023: Al Yah Satellite Communications Company (Yahsat), the UAE's flagship satellite solutions provider, (ADX trading Symbol: YAHSAT), is organizing Yahsat Asia Week', a series of industry focused activities in Singapore from 5 to 9 June 2023, as part of its ongoing efforts to strengthen its presence in global markets, especially in the Asia-Pacific region.
Yahsat Asia Week' consists of Yahsat's first-ever Asia Partner Conference bringing together service partners from 8 countries in the region under the theme Partner Pioneers' as well as participation in CommunicAsia 2023 and Asia Satellite Business Week. During the Asia Week, Thuraya Telecommunications Company, the Group's mobility arm, is showcasing its latest and best-selling solutions and services, as it is targeting growth across Asia-Pacific markets with new commercial opportunities.
The Asia-Pacific satellite communications market is expected to grow at an 8.5% CAGR between 2022 and 2032. As such Thuraya recognizes a surging demand for satellite services in the region. At the Asia Partner Conference on 5 June, regional service and technology partners learned about Yahsat's regional growth strategy as well as being given exclusive previews of Thuraya's next-generation broadband solutions.
The conference was attended by more than 25 entities from the region, representing key markets including Vietnam, Philippines, Malaysia, Singapore, South Korea, China, Indonesia, and Australia. It focused on areas of higher growth and profitability across various industry verticals, such as Enterprise, Consumers, Maritime, and Government. Developed in collaboration with the industry leader, Cobham SATCOM, Thuraya's next-generation broadband solutions are poised to address strategically important and diversified market segments within Internet of Things (IoT) and Maritime.
Ali Al Hashemi, Group Chief Executive Officer of Yahsat, said: Yahsat and Thuraya have a longstanding presence in Asia through our extensive satellite network, wide-ranging solutions, and enduring partnerships. These strong fundamentals have allowed us to build a solid footing in the satellite communications sector both regionally and globally. Encapsulating three influential events, Yahsat Asia Week' reinforces our commitment to this rapidly growing region. With our unique blend of advanced and affordable products, we have a time-tested reputation for feature-packed devices, which make a real difference to the way people live and work in Asia.
The conference concluded with an exciting race-style sailing event, which demonstrated the strengths of Thuraya's maritime portfolio, while serving to forge stronger relationships among partners.
At CommunicAsia 2023, Thuraya is showcasing its award-winning solutions including Thuraya MarineStar and Thuraya Push-To-Talk (PTT) that are immensely popular due to their versatility, flexibility, and affordability. MarineStar has become the leading maritime solution in its class across Asia and other regional markets, solidifying Thurayas position as a technology and solution-driven brand. Through previews of its next-generation broadband product line, Thuraya is also keen to provide CommunicAsia visitors with first-hand experience of the advanced satcom capabilities that Yahsat is envisioning for its mobility business. Thuraya is also participating in a panel at Asia Satellite Business Week, entitled Mobile Satellite Connectivity Services: Next Steps for IoT & Direct to Device.'
In 2022, Thuraya, the mobility arm of Yahsat, contributed 19% of the Group's total revenue, registering revenue increases in Voice (+4%), Maritime (+6%), and Data Services (+16%). Even more exciting opportunities lie ahead as Yahsats sixth satellite, Thuraya 4-NGS, set for launch in H1 2024, becomes operational in 2025. Thurayas new product line is strategically designed to leverage Thuraya 4-NGSs advanced capabilities.
Prior to the partner conference and CommunicAsia, Thurayas senior executives were in Jakarta to attend the APSAT (Asia Pacific Satellite) International Conference, further underscoring Yahsat's commitment to the Asia-Pacific region. Yahsat has been steadily strengthening its ties across the region by developing affordable solution-driven advanced satellite technology that provides underserved communities across Asia with critical communication capabilities. The technology not only empowers further economic and business development in these areas, but is also instrumental in saving lives as in the case of the seven Filipino fishermen, who were rescued at sea in 2022 after making an emergency call for help on their Thuraya XT-LITE satellite phone.
For further information, visit Thuraya booth 5E1-7 at CommunicAsia.
More from Yahsat
27/11/2023
Yahsat's next-generation climate tech solutions to support efforts to mitiga...
21/11/2023
Asmira video compression technology delivers advanced capabilities to end users ...
16/11/2023
Yahsat's reliable and secure connectivity solutions to be installed on EDGE&...
15/11/2023
Dubai, 15 November, 2023: Bayanat (a leading provider of AI-powered geospatial s...
07/11/2023
Third quarter revenues grew 8% versus prior year, second highest on record
Nine-month revenues and Normalised EBITDA increased 3% underpinned by double digit g...
30/10/2023
The United Nations Global Compact (UNGC) is the world's largest corporate su...
23/10/2023
Service partnership agreement covers vital sectors including government, telemed...
17/10/2023
The innovative IoT Product provides tracking, locking and multiple sensing featu...
12/10/2023
The company is set to forge several new partnerships with leading companies to enrich its portfolio of Internet of Things (IoT) and Artificial Intelligence (AI)...
22/09/2023
Abu Dhabi, United Arab Emirates, 22 September 2023: Al Yah Satellite Communicati...
20/09/2023
On track to grow dividends by at least 2% to a total of AED 402 million [USD 109...
11/09/2023
Partnership aims to expand broadband penetration in Sub-Saharan Africa
Abu Dhabi, UAE, 11 September 2023: YahClick, the Data Solutions subsidiary of the UAE...
29/08/2023
Yahsat proudly celebrates Emirati Women's Day, recognizing accomplishments o...
11/08/2023
Yahsat's Commercial team is exploring ways to take advantage of growing Chin...
08/08/2023
Normalised EBITDA grew 3% versus prior year to AED 460 million and Normalised Net Income 5% to AED 175 million delivering improved margins
Abu Dhabi, United Ar...
13/07/2023
Khalid Al Kaf, Yahsat's Chief Operations Officer, accepted the TDRA Partner ...
22/06/2023
Chinese embassy officials commend Yahsat for its support in the rescue of five f...
14/06/2023
Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunications Company, the mobility a...
08/06/2023
Yahsat Asia Week' showcased innovative solutions of its mobility arm, Thuray...
23/05/2023
Demonstration of low-power IoT messages' transmission over Thuraya's sat...
17/05/2023
New program provides further momentum to UAE space economy sector
The program a...
08/05/2023
Net income and EBITDA both grew by 35% and 4% respectively year-on-year
Abu Dhabi, United Arab Emirates, 8 May 2023: Al Yah Satellite Communications Company PJ...
18/04/2023
Yahsat has been recognized with the prestigious accolade in the highly competiti...
03/04/2023
Thuraya agrees heads of terms for investment in leading IoT and LEO network oper...
16/03/2023
Abu Dhabi, UAE March 16, 2023 Al Yah Satellite Communications Company PJSC (...
01/03/2023
MoU signed between national leaders at IDEX 2023 to build on Yahsat's system...
28/02/2023
Key financial guidance targets met or exceeded
Contracted future revenues of AED 7.3 billion [USD 2.0 billion]
Equivalent to 4.6 times annual revenue
Robust...
23/02/2023
The strategic partnership is aimed at building and operatingstrategic earth obse...
22/02/2023
Collaboration between two national industry leaders to expand services for UAE and MENA region airborne market creating a one-stop-shop for relevant platform ...
17/02/2023
The successful completion of the Critical Design Review is a key milestone in th...
15/02/2023
Partnership demonstrates collaboration between two leading national champions that will support the national space sector for both government and commercial cus...
11/01/2023
The game-changing solution, Thuraya MarineStar, from Yahsat's mobility arm T...
23/12/2022
Yahsat's mobility solution Thuraya XT-LITE was utilized to save the lives of seven fishermen who were stranded in waters between the Philippines and Ind...
08/11/2022
Exceptional third quarter performance
Abu Dhabi, United Arab Emirates, 8 Novem...
07/11/2022
Partnership to support Abu Dhabi based startups with commercial opportunities to...
11/10/2022
Thuraya, Yahsat's mobility business, signs complementary commercial agreement to develop a Next Generation IoT Platform with eSAT Global
Investment in eSAT...
21/09/2022
Yahsat is on track to deliver an increased total dividend of at least AED 393.3 ...
01/09/2022
Pledge seeks to increase engagement from the private sector and companies in the pivot towards decarbonization
21 leading companies across the UAE joined the P...
09/08/2022
Abu Dhabi, United Arab Emirates, 9 August 2022: Al Yah Satellite Communications ...
01/07/2022
In his new capacity, Sulaiman Al Ali will lead both YahClick, Yahsat's data ...
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...