
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.
Middle East Stories
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...
19/09/2023
STACK Infrastructure, the digital infrastructure partner to the worlds most innovative companies and a leading global developer and operator of data centers, an...
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...
15/08/2023
Were excited to announce that weve broken ground on a 1.1 million square foot development on behalf of transportation and logistics company, Highlight Motors Gr...
11/08/2023
Yahsat's Commercial team is exploring ways to take advantage of growing Chin...
11/08/2023
Abu Dhabi, 11 August, 2023 :
Yahsat's Commercial team is exploring ways ...
11/08/2023
Abu Dhabi, 11 August, 2023 :
Yahsat's Commercial team is exploring ways ...
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 ...
05/07/2023
First Gulf intends to buy approximately 53.87 acres of land and develop two buil...
22/06/2023
Chinese embassy officials commend Yahsat for its support in the rescue of five f...
22/06/2023
Abu Dhabi, 22 June, 2023 : Chinese embassy officials commend Yahsat for its sup...
22/06/2023
Abu Dhabi, 22 June, 2023 : Chinese embassy officials commend Yahsat for its sup...
14/06/2023
Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunications Company, the mobility a...
14/06/2023
Abu Dhabi, 14 June, 2023 : Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunicat...
14/06/2023
Abu Dhabi, 14 June, 2023 : Abu Dhabi, UAE, 14 June 2023: Thuraya Telecommunicat...
08/06/2023
Abu Dhabi, 08 June, 2023 : Yahsat Asia Week' showcased innovative solution...
08/06/2023
Yahsat Asia Week' showcased innovative solutions of its mobility arm, Thuray...
08/06/2023
Abu Dhabi, 08 June, 2023 : Yahsat Asia Week' showcased innovative solution...
23/05/2023
Demonstration of low-power IoT messages' transmission over Thuraya's sat...
23/05/2023
Abu Dhabi , 23 May, 2023 :
Demonstration of low-power IoT messages' tran...
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...
25/04/2023
Abu Dhabi, 25 April, 2023 :
Over 29,000 MarineStar devices have been sold si...
25/04/2023
Abu Dhabi, 25 April, 2023 :
Over 29,000 MarineStar devices have been sold si...
18/04/2023
Yahsat has been recognized with the prestigious accolade in the highly competiti...
18/04/2023
Abu Dhabi, 18 April, 2023 :
Yahsat has been recognized with the prestigious ...
18/04/2023
Abu Dhabi, 18 April, 2023 :
Yahsat has been recognized with the prestigious ...
06/04/2023
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
Thuraya agrees heads of terms for investment in leading IoT and LEO network oper...
03/04/2023
Abu Dhabi, 03 April, 2023 :
Thuraya agrees heads of terms for investment in ...
03/04/2023
Abu Dhabi, 03 April, 2023 :
Thuraya agrees heads of terms for investment in ...
16/03/2023
Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...
16/03/2023
Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...
16/03/2023
Abu Dhabi, UAE March 16, 2023 Al Yah Satellite Communications Company PJSC (...
15/03/2023
Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...
15/03/2023
Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...
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...
17/02/2023
Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...
17/02/2023
Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...
15/02/2023
Toronto-based real estate company branches out from traditional asset classes with multiple innovative developments
Roman Brailovski, Vice President, Strategic...
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...
11/01/2023
Abu Dhabi, 11 January, 2023 : The game-changing solution, Thuraya MarineStar,...