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.


China cancels trade talks with US as tariff threats escalate

Updated 22 September 2018
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China cancels trade talks with US as tariff threats escalate

  • A mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned
  • China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods

SHANGHAI: China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned.
Earlier this week, China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods set to go into effect from Sept. 24.