Al Yah Satellite Communications Company has announced that its government arm has been awarded a AED909.5 million ($247.5 million) mandate to provide enhanced managed services to the UAE Government for its satellite communications capabilities.
The deal for Yahsat Government Solutions (YGS) augments the previous operations and maintenance services provided, to include technology management support, until the end of 2026, the company said in a statement.
It added that the mandate strengthens Yahsat’s relationship with the UAE government, which dates back over a decade.
Yahsat has been providing operations and maintenance services since 2011 on its first two satellites, Al Yah 1 and Al Yah 2, which form part of a 15-year capacity services agreement with the UAE Government.
In 2021, Yahsat was requested by the UAE government to explore two new satellites, Al Yah 4 and Al Yah 5, to be launched by 2026.
The mandate also adds to the group’s contracted future revenues which now stand at approximately AED8.4 billion.
Ali Al Hashemi, group CEO at Yahsat, said: “We are delighted to receive this mandate from the UAE government to provide extensive managed services for their satellite communications capabilities.
“Today’s announcement validates our strategic approach to expand our offering across the value chain while enhancing our ability to provide end-to-end secure and critical satellite solutions and connectivity.
“It is a sign of confidence in our offering and lays even stronger foundations for the future growth in our relationship. The mandate boosts Yahsat’s contracted future revenues to provide more visibility on the long-term financial outlook for the group,” he added.
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