Yahsat, a publicly owned company founded in 2007 and headquartered in the UAE, provides fixed and mobile satellite communication services. Employing approximately 440 people, the company offers integrated solutions for connectivity and distribution to over 150 countries spanning Europe, the Middle East, Africa, South America, Asia, and Australasia.
Space42, resulting from a merger between Yahsat and Bayanat in October 2024, reported a 17% revenue decline for the six months ending June 30, totaling $226 million. The Smart Solutions division, formerly Bayanat, experienced delays in contract signings. Space42 is also considering a proposed financing transaction involving Yahsat Treasury Sole Proprietorship and Star Satellite Communications. Separately, Steven Doiron, EVP of Regulatory and Spectrum Affairs at Yahsat, highlighted the need for 5G and satellite offerings to coexist within the same spectrum, given the rapid evolution of satellite and non-terrestrial network (NTN) technologies.
Yahsat's customers primarily consist of technology, Information and Internet, industry Associations and enterprise connectivity services companies. Examples of Yahsat's customers include e&, Edge and Eutelsat. Yahsat has commercial and technical partners like Thuraya Telecommunications Company and Eutelsat.
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