Yahsat has entered into an agreement to acquire a majority stake in the mobile satellite services operator Thuraya. 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, according to the company. Thuraya’s two…

Eutelsat Communications has finalized the staffing of its teams in charge of broadband activities with the appointment of Jean-Claude Tshipama to head broadband in Africa. In his new role as CEO of Broadband in Africa, Tshipama’s core mission is to ensure that Eutelsat’s broadband business is successfully deployed across Africa, drawing on the in-orbit resources of…

Globalstar has signed a merger agreement with Thermo Acquisitions, following which Globalstar will acquire assets including metro fiber provider FiberLight, 15.5 million shares of common stock of CenturyLink, $100 million of cash and minority investments in complementary businesses, and assets of $25 million in exchange for Globalstar common stock valued at approximately $1.65 billion, subject…

For a moment, let me take you back to the satellite telecommunications industry in 2008. Times were splendid. Satellite operators could count on sky-high Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margins and stable cash flows due to a deep, wide moat around the industry. Satellite benefitted from very high barriers to entry, brought…