Yahsat completes acquisition of Thuraya

United Arab Emirates-based Yahsat has completed its acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya. Yahsat said the agreement will significantly expand its current satellite solutions portfolio and creates a strong platform to capture the growing opportunity around IoT and M2M applications. “The Thuraya acquisition provides us with an […]

Thuraya names chairman

Middle East-based satellite operator Thuraya Telecommunications has named Etisalat CEO Ahmad Abdulkarim Julfar as its new chairman, and has also elected Etisalat group chief strategy and M&A officer Daniel Ritz to its board. Julfar also serves on the board of Mobily in the Kingdom of Saudi Arabia, where he is the chairman of the risk […]