UAE’s Yahsat to acquire satellite operator Thuraya

Yahsat, the UAE satellite operator has reached a deal to buy Thuraya.
Updated 27 April 2018
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UAE’s Yahsat to acquire satellite operator Thuraya

  • Thuraya has two satellites serving 140 countries
  • Yahsat owned by Abu Dhabi's Mubadala

The UAE satellite operator Yahsat on Friday said it reached a deal to acquire a majority stake in fellow operator Thuraya.

The deal is subject to final pre-closing conditions being met, Yahsat said in a statement. It did not give specific details of the deal.

Thuraya, a UAE-based, 20-year old mobile satellite operator has two satellites that serve over 140 countries. Yahsat, a fixed satellite provider, owned by Abu Dhabi’s Mubadala Investment Company currently has three satellites.

“The acquisition will significantly expand Yahsat’s current satellite solutions portfolio for both commercial and government verticals as well as its global footprint,” the statement said.

The combined satellites will cover Europe, Africa, the Middle East, South America and Asia, providing fixed and mobile satellite services.


Dutch carrier KLM says it will halt flights to Iran

Dutch carrier KLM. (Shutterstock)
Updated 21 July 2018
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Dutch carrier KLM says it will halt flights to Iran

DUBAI, United Arab Emirates: Dutch airline KLM says it will halt flights to Tehran “as a result of the negative results and financial outlook” following the US withdrawal from the Iranian nuclear accord.
The airline, part of the Air France KLM group, made the announcement in a short statement on its website Saturday.
KLM said its last flight will leave Amsterdam on Sept. 22 and return on Sept. 23.
KLM ceased flights to Tehran in 2013, resuming them in 2016 after the nuclear deal was signed. That deal saw sanctions on Iran lifted in exchange for it limiting its enrichment of uranium.
In May, President Donald Trump pulled America from the atomic accord, imperiling it.
Air France resumed flights to Tehran in 2016 after an eight-year absence. The airline continues its flights.