Intelsat SA (OTC: INTEQ), operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure, announced that it has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.
Satellite and Broadcasting
The ship management division of Saudi Arabian national carrier Bahri has signed a strategic partnership agreement with Alpha Ori Technologies (AOT). The deal also includes the installation of AOT’s patented SMARTShip digital platform across a substantial part of the Bahri fleet.
Al Yah Satellite Communications Company (Yahsat) has announced the appointment of three new members to its Board of Directors. Musabbeh Al Kaabi, CEO of the UAE Investments platform at Mubadala Investment Company PJSC (Mubadala), will assume the position of Chairman of the Board, and Badr Al Olama, Executive Director of the UAE Clusters unit within Mubadala’s UAE Investments platform, will join as a Board member.
General Atomics has announced the acquisition of Tiger Innovations, a Herndon, Virginia small business focused primarily on satellite systems, and related hardware and software.
UAE's Mohammed Bin Rashid Space Centre (MBRSC) and OQ Technology, a Dubai/Luxembourg-based satellite 5G IoT start-up, has signed a partnership deal to develop and innovate in satellite development offering advanced communication solutions and services within the region and worldwide.
Telemedia, broadcasting and teleport service provider in South Africa has partnered with ABS, a global satellite operator, to provide teleport services for the Middle East and Africa (MEA) region.
The UAE has officially become the first Arab nation and the fifth in the world to reach Mars after the Hope Probe successfully entered the Red Planet’s orbit at 7.42pm on Tuesday.
Head of the Egyptian Space Agency, Mohammed El-Qousi said that Egypt is set to launch a satellite in December 2021, in addition to other projects to establish space science in the country.
Hope Probe, UAE’s debut mission to the red planet, is now in its most critical stage as the spacecraft is set to enter Mars orbit on February 9, 2021, Tuesday, at 7.42 PM UAE time.
SES Networks and Tototheo Maritime, a leading Cyprus-based maritime communications company signed a five-year agreement that will have SES Networks’ Skala Global Platform deliver seamless, reliable data connectivity services to the maritime communications company.