The first-quarter results were propelled by Bayanat's sustained emphasis on the company's core segments and advancements in Artificial Intelligence...
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While space majors around the world are looking to leverage AI to revolutionise connectivity, the UAE also now has one entity at its doorstep.
Adjusted EBITDA reached $67m, marking a 7% year-on-year increase, while a double-digit reduction in normalised costs led to an expanded margin of 67%, compared...
The visit discussed potential for Yahsat to expand its presence in South Africa as part of the country’s plans to enhance communications capabilities.
The merger is subject to further regulatory approvals in the UAE and internationally.
Thuraya has already certified the solution over its network, noting that it is also certified by the Federal Information Processing Standard authority in the...
In 2023, natural disasters caused $250bn in global losses, emphasising the crucial need for reliable communication systems.
This strategic partnership represents the initial phase of Yahsat's ambitious Direct-2-Device strategy, known as PROJECT SKY.
Somani was previously CEO of ABS (Agility Beyond Space) and left the company in January.
The merger is expected to yield considerable cost and revenue synergies, positioning the enlarged entity for enhanced shareholder value creation.
