Yahsat, Hughes Form Joint Venture in Brazil
Al Yah Satellite Communications Company (Yahsat) and Hughes Network Systems agreed to enter into a joint venture to provide commercial Ka-band satellite broadband services in Brazil. This new venture combines Hughes experience delivering satellite networks and services in Brazil with Yahsat’s position and capabilities in the region. Hughes will hold the majority interest in the joint venture.
The new entity will combine Hughes do Brasil with Yahsat’s consumer broadband company in Brazil, aiming to create a strong value proposition to serve the growing market demand for a wide range of broadband services, including consumer internet access, enterprise networks, cellular backhaul, and Community Wi-Fi Hotspot solutions. In 2018, Yahsat and Hughes launched a joint venture to provide satellite broadband services to the Middle East, Africaand southwest Asia markets.
“The formation of the new joint venture with Hughes in Brazil will strengthen the nation’s digital landscape and bring with it a host of lasting benefits for communities and businesses across Brazil,” said Masood M. Sharif Mahmood, Yahsat’s CEO. “Our partnership with Hughes supports Yahsat’s mission to enable social and economic development by empowering communities in remote regions with high-performance broadband connectivity. We now look forward to combining our efforts to unlock the massive potential of the largest and most exciting economy in Latin America.”