Telecommunications

Yahsat Announces Global Agreement with Ericsson to Boost Telecom Technologies, Automation, and IoT Sales and Services

The partnership builds on Ericsson’s leadership position in telecommunications and technology for these critical industries that often operate in remote locations. Yahsat and Ericsson will further expand their private network presence in the region and provide value-added services to existing and potential customers.

Ali Al Hashemi, CEO of Yahsat Group, said, “We are delighted to partner with Ericsson to provide comprehensive integrated communications solutions to the Oil & Gas, Mining and Port industries. By leveraging our combined areas of expertise, we are confident that we will play a key role in overcoming the access and connectivity challenges facing these critical industries and building on our strong value proposition for main customer segments, regionally and internationally”.

Åsa Tamsons, Senior Vice President and Head of Line of Business Technology and New Business at Ericsson, added, “Ericsson has introduced private 5G networking solutions to fuel innovation and drive efficiency and sustainability in all sectors. Additionally, 5G enables automation, increases security, and facilitates low-carbon operations. Ericsson’s private network solution, combined with Yahsat’s satellite connectivity and services, will enable advanced IoT use cases. Predictive maintenance, the connected worker, augmented reality, sensor-based monitoring, and automated guided vehicles are some exciting examples.

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About Yahsat

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

Yahsat’s fleet of 5 satellites reaches over 80% of the world’s population, enabling critical communications including broadband, broadcast, transport and mobility solutions. Based in Abu Dhabi in the United Arab Emirates, Yahsat provides C-, Ku-, Ka- and L-band satellite communications solutions for land, sea and aeronautical platforms to consumers, governments and businesses. 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 started construction of Thuraya 4-NGS, the next generation telecommunications system for Thuraya, which is expected to go live in 2024.

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans the Networks, Digital Services, Managed Services and Emerging Enterprises business areas. It is designed to help our customers go digital, increase efficiency and find new sources of revenue. Ericsson’s investments in innovation have brought the benefits of mobility and mobile broadband to billions of people around the world. Ericsson shares are listed on Nasdaq Stockholm and Nasdaq New York. www.ericsson.com

Media Contacts

Media: Ahmed Al Shamsi Assistant Vice President Communications – Yahsat [email protected] M: +971 55 9001954 Investor Relations: Layla Al Hayyas Head of Investor Relations – Yahsat [email protected] M: +971 55 9001950

Lukasz Gwozdz
Director – Finsbury Glover Hering
[email protected]

Ahmed Jebur Director – Finsbury Glover Hering [email protected]

Legal Notice and Cautions Regarding Forward-Looking Information

This announcement may include forward-looking statements, which are based on current expectations and projections of future events. Such statements may include, without limitation, any statement preceded, followed by or including words such as “will”, “intends”, “continues to” and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties and assumptions regarding the Group’s financial performance, the Group’s cash management needs for operating expenses, interest expense and expected capital expenditures, and market conditions, the then current operating environment in its markets, and the outlook of the board of directors regarding the business of Yahsat (the “Company”). The forward-looking statements contained in this announcement speak only as of the date of this announcement. These statements reflect the beliefs of the directors of the Company (including based on their expectations arising from the pursuit of the Company’s strategy) as well as assumptions made by the directors of the Company and information currently available to the Company.

In addition, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate, and the Company accepts no responsibility for the accuracy or fairness of the opinions expressed in this announcement or assumptions and expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this announcement, whether as a result of new information, future developments or otherwise. Actual events or conditions are unlikely to match those assumed, and may differ materially from them. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements may not occur. No representation or warranty is made that any forward-looking statements will occur. No one undertakes to update, supplement, modify or revise any forward-looking statements. You are therefore cautioned not to place undue reliance on forward-looking statements.

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

The Company’s ability to pay dividends depends on a number of factors, including the availability of distributable reserves and the Company’s capital expenditure plans and other cash requirements in future periods, and nothing does not guarantee that the Company will pay dividends or, if a dividend is paid, what the amount of such dividend will be.

© Press Release 2021