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APO International

Yahsat partners with SATCOM Technologies to deliver advanced satellite communications solutions in Zimbabwe

todayMay 29, 2024 10

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Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, (ADX trading Symbol: YAHSAT), has partnered with SATCOM Technologies to explore new satellite communications opportunities in Zimbabwe.

The collaboration marks a significant milestone in Yahsat’s ongoing expansion across the African continent, enabling key economic sectors, government departments, and organizations to harness the power of satellite connectivity. Yahsat’s strategic service partnership with SATCOM Technologies will reinforce its presence in Africa as both parties aim to work more closely with the Zimbabwe Government. Services are expected to commence in June.

Under the service partner agreement, Yahsat and SATCOM Technologies will seek to leverage their expertise to secure government projects by offering innovative, reliable, and efficient satellite-enabled connectivity solutions catering to Zimbabwe’s national requirements and development initiatives, which is expected to transform the country’s connectivity and technological capabilities.

The partnership aims to meet the increasing requirements of various sectors such as mining, agriculture, health, and education.

Sulaiman Al Ali, CCO of Yahsat, said: “We are proud to partner with SATCOM Technologies to deliver our cutting-edge satellite connectivity solutions to Zimbabwe. This strategic partnership is a testament to our commitment to enhancing connectivity across the continent, supporting the digital transformation journey of African nations, and improving access to essential services for all.”

Tafadzwa Collins Semu, CEO of SATCOM Technologies, said: “We are excited to join forces with Yahsat to unlock the immense potential of satellite connectivity in Zimbabwe. Our partnership will play a pivotal role in bridging the digital divide, fostering economic growth, and enabling access to vital services for our communities.”

Yahsat’s innovative and enhanced solutions have been adopted across several African countries bolstering economic development and enabling access to connectivity solutions in unserved and underserved communities. This role is expected to be further enhanced with the launch of the Thuraya 4 satellite expected later this year.

The next-generation satellite will further expand coverage and advanced services to the African continent, ushering in a new era of connectivity. The partnership with SATCOM Technologies reaffirms Yahsat’s commitment to empowering digital transformation throughout the continent, offering crucial services such as telemedicine and e-learning.

Yahsat is showcasing its advanced satellite communications solutions at GITEX Africa 2024, in Marrakech, Morrocco from 29 to 31 May.

Distributed by APO Group on behalf of GITEX Africa.

For investor enquiries,
please contact: ir@yahsat.ae

For media enquiries, please contact: 
corporatecomms@yahsat.ae; yahsat@hkstrategies.com

Follow us on X:
@YahsatOfficial

About Yahsat:
Al Yah Satellite Communications Company PJSC (Yahsat) is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment Company PJSC, offering multi-mission satellite solutions in more than 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.

Yahsat’s fleet of 5 satellites reaches more than 80% of the world’s population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Based out of Abu Dhabi in the UAE, Yahsat provides C, Ku, Ka and L-band satellite communications solutions for land, maritime and aero platforms to consumers, governments and enterprises.

Its businesses consist of Yahsat Government Solutions, Thuraya, YahClick (powered by Hughes) and YahLink. Yahsat also participates in Hughes do Brasil, an equity partnership with Hughes, and Yahlive, an equity partnership with SES. In 2020, Yahsat commenced construction of Thuraya 4, the next-generation telecommunications system for Thuraya, which is due to launch in 2024 and to enter service in 2025. In 2023, Yahsat commenced construction of two new software-defined telecommunication satellites, Al Yah 4 and Al Yah 5, which are expected to be launched in 2027 and 2028, respectively. For more information, visit: www.Yahsat.com.

Note:
On the 25th of April 2024, the shareholders of Bayanat and Yahsat approved the proposed merger of the two companies during their respective General Assembly Meetings (GAMs). The merger aims to create an AI-powered space technology champion in the MENA region with global reach. Bayanat and Yahsat will continue to operate independently until regulatory approval is received and the merger is effective, which is expected to take place in mid-2024. Visit the merger microsite for more information: www.ASharedAmbition.com

Legal Notice and Cautionary statement regarding forward-looking information:
This announcement includes forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, words such as “expect”, “will”, “looking ahead” and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and its investments, and speak only as at the date of this announcement. Forward-looking statements are based on assumptions of future events and information currently available to the Company which may not prove to be accurate and the Company does not accept any responsibility for the accuracy or fairness thereof and expressly disclaims any obligation to update any such forward looking statement. No representation or warranty is made that any forward-looking statement will come to pass. You are therefore cautioned not to place any undue reliance on forward-looking statements. For further information regarding forward-looking statements, and the factors that may cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements please refer to our Annual Report for 2023, which is available on our website at  https://apo-opa.co/3yASTZ0

The amount and payment of dividends by the Group is subject to consideration by the Board of Directors of the cash management requirements of the Group for operating expenses, interest expense, and anticipated capital expenditures, and market conditions, the then current operating environment in its markets, and the Board of Directors’ outlook for the business of the Company. In addition, any level or payment of dividends will depend on, among other things, future profits and the business plan of the Company, as determined at the discretion of the Board of Directors.

Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction.

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