Yahsat eyes $735mln in Abu Dhabi IPO zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
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2 Min Read
DUBAI (Reuters) - Al Yah Satellite Communications Company (Yahsat) has held the kick-off meeting with banks for a potential initial public offering, two sources familiar with the matter told Reuters.
Yahsat, backed by Abu Dhabi state fund Mubadala Investment Co, has five satellites that serve more than 150 countries, information on its website shows. It also owns United Arab Emirates satellite phone operator Thuraya.
Mubadala said in an email it does not comment on speculation and that in line with potential market opportunities, the fund may “choose to monetise certain assets at the right time”.
Yahsat did not immediately respond to a request for comment.
Abu Dhabi s Yahsat has held meeting with banks over IPO -sources zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Yahsat enters into two strategic partnerships to deploy defence vehicular systems
3 Min Read
1 month ago
Yahsat aims to provide customised, integrated and interoperable connectivity for civil defence and military clients, through its partnerships with NIMR and L3Harris.
John Koenig, VP and General Manager UAE Integrated Systems, L3Harris, Eisa Al Shamsi, Deputy General Manager, Yahsat Government Solutions, Abraham Du Plessis, CEO, NIMR Automotive
Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite services operator has announced that its dedicated government arm, Yahsat Government Solutions, has signed two Memorandums of Understanding (MoU) – one with NIMR, the manufacturer of combat-proven wheeled military vehicles and the other with L3Harris Technologies, the global aerospace and defence technology innovator – during the International Defence Exhibition and Conference (IDEX 2021) in Abu Dhabi.