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Yahsat purchases majority stake in Thuraya and enhances UAE’s position in global space industry

Yahsat has announced that it has entered into an agreement to acquire a majority stake in the mobile satellite services …

Geopolitics News News Space Space Economy News

Yahsat has announced that it has entered into an agreement to acquire a majority stake in the mobile satellite services operator Thuraya, also based in the UAE, subject to final pre-closing conditions being met.
The acquisition of the UAE’s first home grown satellite operator, Thuraya, will significantly expand Yahsat’s current satellite solutions portfolio for both commercial and government verticals, as well as its global footprint.

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Torsten Kriening

Torsten Kriening is Publisher and CEO of SpaceWatch.Global. He covers European space at the intersection of geopolitics, defence, procurement, and industrial policy - where ambition meets execution. He reports live from the conferences and councils where space policy is shaped and publishes The Kriening Brief every Wednesday: three observations on European space, no diplomatic padding. His career spans 30 years across satellite communications, broadcast technology, and IT. He is an alumnus of the International Space University (EMBA12).