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UAE: Yahsat to invest 100 million USD in 2023 in T4-NGS satellite programme
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UAE: Yahsat to invest $100mln in 2023 in T4-NGS satellite programme
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UAE: Yahsat to invest 100 million USD in 2023 in T4-NGS satellite programme
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Yahsat to invest $100 million in 2023 in T4-NGS satellite programme
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ABU DHABI, 12th July, 2023 (WAM) Ali Al Hashemi, Chief Executive Officer of Yahsat Group, has announced that the company expects to allocate over $100 million this year for capital expenditures as part of the "T4-NGS" satellite programme.
The programme, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025 with a total cost of up to $550 million, including manufacturing, launch, insurance, and new ground infrastructure.
In a statement to Emirates News Agency (WAM), Al Hashemi stated that.