[Satellite Today 05-29-09] Yahsat CEO Jassem Al-Zaabi is investing $100 million in YahLive, a direct-to-home service it plans to launch in the fourth quarter of 2009 with joint venture partner SES Astra, Yahsat said in a May 28 statement.
According to Al-Zaabi, SES Astra is investing $50 million in the project.
Al-Zaabi said he expects YahLive to generate revenues in its third year on growing regional demand for high definition and that a large portion of its capacity will be utilized between the third and fifth year. “The market will grow 38 percent per annum with about 100-plus high definition channels to be added in the region by 2017,” Al-Zaabi said.
Yahsat’s two satellites are being by EADS Astrium and Thales Alenia Space and are scheduled for launch in the second half of 2010.
Yahsat CEO Reveals YahLive Investment Details
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