An agreement was signed with Airbus Defense and Space (ADS) on Monday to design, manufacture, and launch the satellite
satellite communications
Latest in satellite communications
Calidus
Space42 and Calidus to develop satellite communications solutions in the UAE
Partners to co-develop AI-enabled Satcom solutions for national security and governance platforms and drive joint IP development
dubai airshow 2025
Space42 and EDGE Group form UAE satellite communications alliance
Partnership announced at Dubai Airshow 2025 will build sovereign UAE SATCOM manufacturing capability to boost national security and drive advanced technology innovation
Abu Dhabi
Space42 focused on building for future growth with its Four Pillars
Abu Dhabi-based SpaceTech company reveals its strategy for growth after muted Q1 result in which revenue fell 13% to $115mn
satellite communications
UAE government awards $5.1 billion, 17-year contract to Space42
It includes procurement of Al Yah 4 and Al Yah 5 advanced satellites and confirms earlier Capacity and Managed Services mandate
Abu Dhabi
Debt-free Bayanat reports 18% increase in revenue to $74.3mn
H1 Gross Profit at $22.9 million with a margin of 31%; Net Profit at $5.2 million with a 7% net margin
Abu Dhabi
Bayanat, Yahsat to merge into $4bn AI-powered space tech company
Bayanat is a leading AI-powered geospatial solutions provider, while Yahsat is a leading global satellite operator
Abu Dhabi
UAE’s Yahsat reports strong Q3 with 81 percent surge in mobility solutions revenue
Third quarter revenues grow 8% YoY, second highest on record; Contracted future revenues surges to a record $6.9 billion
Abu Dhabi
Yahsat reveals net profit rise to $48mn, ‘remains in a strong position’
The Abu Dhabi-based satellite communications company Yahsat announces a 3% rise in EBITDA and 5% growth in net profits for H1 2023
Abu Dhabi Securities Exchange
Abu Dhabi-based Yahsat to pay $52.5 million in dividends to shareholders for 2021
The ADX listed satellite solutions provider signed an agreement worth more than $700 million with the UAE government for managed capacity services on the Thuraya 4 Next Generation Satellite
Aerospace
As UAE’s space sector grows in stature, SpaceTech fund and accelerator are natural next steps
SpaceTech companies are among the 16 startups chosen as part of the 2021 cohort of Hub71, Abu Dhabi’s global tech ecosystem
IPO market
Abu Dhabi’s Mubadala mulling IPO of Yahsat, CEO-designate says
Ali Al Hashemi revealed Mubadala is ‘looking at this very closely’
