- EUTELSAT KONNECT satellite will enhance Yahsat’s satellite
network with multi-year, multi Gbps contract for delivery of
high-speed internet connectivity across multiple African and Middle
East nations
Regulatory News:
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the full release here:
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Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London
Stock Exchange: ETL) and YahClick, the data solutions’ arm of Al
Yah Satellite Communications Company PJSC (Yahsat), the UAE’s
flagship satellite solutions (ADX: YAHSAT, ISIN: AEA007501017),
today announced the signing of a Memorandum of Understanding (MoU),
enabling YahClick to leverage capacity on Eutelsat’s geostationary
satellite, EUTELSAT KONNECT.
The collaboration between the two leading satellite operators is
in line with Yahsat’s efforts to elevate its offerings and drive
growth across its satellite broadband footprint in Africa to
provide enhanced services and expand into new markets in Africa and
beyond. As part of the agreement. Yahsat will enjoy exclusive
rights to Eutelsat’s KONNECT capacity over Ethiopia, one of the
fastest-growing African markets.
In service since November 2020, EUTELSAT KONNECT is a high
throughput satellite delivering significant resources for broadband
services with 75 Gbps of capacity across a network of 65 spotbeams.
Originally covering Europe and Africa, the satellite’s entire
capacity is being progressively transferred to provide dedicated
African coverage.
Commenting on the MOU, Sulaiman Al Ali, Chief Commercial
Officer of Yahsat said: ‘We are delighted to partner with
Eutelsat and have access to state-of-the-art orbital assets, to
support our satellite network. This partnership shall enable us to
further enhance our portfolio and drive growth of our ‘YahClick’
broadband services to consumer and enterprise markets. Yahsat
supported Eutelsat in the early years of its African Broadband
journey, and we are happy to be collaborating once again to ensure
our existing and future customers benefit from the highest level of
service and availability.”
Ghassan Murat, Eutelsat’s RVP of the AMEA region added:
“We are honoured to further deepen our ties with our long-standing
partner, Yahsat. Yahsat’s strong presence in Africa and the Middle
East through the successful deployment of its YahClick satellite
broadband service, together with the uptake we are seeing as we
progressively transfer EUTELSAT KONNECT capacity to Africa
highlight the buoyant demand for robust broadband services in the
market, and the pertinence of satellite in connecting users, even
in the most remote locations.”
About Eutelsat Group Eutelsat Group is a global leader in
satellite communications, delivering connectivity and broadcast
services worldwide. The Group was formed through the combination of
the Company and OneWeb in 2023, becoming the first fully integrated
GEO-LEO satellite operator with a fleet of 35 Geostationary
satellites and a Low Earth Orbit (LEO) constellation of more than
600 satellites. The Group addresses the needs of customers in four
key verticals of Video, where it distributes more than 6,500
television channels, and the high-growth connectivity markets of
Mobile Connectivity, Fixed Connectivity, and Government Services.
Eutelsat Group’s unique suite of in-orbit assets enables it to
deliver integrated solutions to meet the needs of global customers.
The Company is headquartered in Paris and the Eutelsat Group
employs more than 1,700 people across more than 50 countries. The
Group is committed to delivering safe, resilient, and
environmentally sustainable connectivity to help bridge the digital
divide. The Company is listed on the Euronext Paris Stock Exchange
(ticker: ETL) and the London Stock Exchange (ticker: ETL).
DISCLAIMER The forward-looking statements included herein
are for illustrative purposes only and are based on management’s
views and assumptions as of the date of this document. Such
forward-looking statements involve known and unknown risks. For
illustrative purposes only, such risks include but are not limited
to: risks related to the health crisis; operational risks related
to satellite failures or impaired satellite performance, or failure
to roll out the deployment plan as planned and within the expected
timeframe; risks related to the trend in the satellite
telecommunications market resulting from increased competition or
technological changes affecting the market; risks related to the
international dimension of the Group's customers and activities;
risks related to the adoption of international rules on frequency
coordination and financial risks related, inter alia, to the
financial guarantee granted to the Intergovernmental Organization's
closed pension fund, and foreign exchange risk. Eutelsat
Communications expressly disclaims any obligation or undertaking to
update or revise any projections, forecasts or estimates contained
in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are
based, unless so required by applicable law. The information
contained in this document is not based on historical fact and
should not be construed as a guarantee that the facts or data
mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as
reasonable.
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 enter
service in 2025. In 2023, Yahsat placed an order for 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; follow
us on X (formerly Twitter): @YahsatOfficial
Yahsat’s 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://www.yahsat.com/en/investor-relations/annual-report
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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version on businesswire.com: https://www.businesswire.com/news/home/20240522761453/en/
Eutelsat Group
Find out more at:
Media enquiries Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com Anita Baltagi Tel. +33 643 930 178
abaltagi@eutelsat.com Katie Dowd Tel. +1 202 271 2209
kdowd@oneweb.net
Investors Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com Hugo Laurens-Berge Tel. +33 670 80 95 58
hlaurensberge@eutelsat.com
Yahsat
For media enquiries, please contact: Yahsat@hkstrategies.com
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