Mandate covers capacity andmanaged services for 17 years underpinned by the design, procurementand commissioning of advanced space and ground systems.

 

Abu Dhabi, United Arab Emirates, 22September 2023: Al Yah Satellite Communications Company PJSC (“Yahsat”or the “Group”),the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange(”ADX”, under symbol: YAHSAT, ISIN: AEA007501017) announced today that its government services arm, Yahsat Government Solutions (“YGS”),has received from the UAE Government (the “Government”), an Authorization to Proceed (“ATP”) to provide satellite capacity and managed services for 17 years.This mandate, valued at AED 18.7 billion (USD 5.1 billion), combines related operations, maintenance and technology management services of ground segment satellite systems and terminals currently provided under a separate contract.

The mandate will replace two current agreements, the Capacity Services Agreement (“CSA”) and the Managed Services Mandate (“MSM”), which come to an end in November and December 2026, respectively. Under the new mandate Yahsat will provide the Government with secure and reliable satellite capacity and related managed services using the Al Yah 1 and Al Yah 2 satellites, currently in orbit, and supplement this by two new satellites ,Al Yah 4 (“AY4”) and Al Yah 5 (“AY5”) which are expected to be launched in 2027 and 2028, respectively.

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