WASHINGTON, May 6, 2019 /PRNewswire/ -- SATELLITE 2019, Booth
1100 – Al Yah Satellite Communications Company (Yahsat), a leading
global satellite operator based in the United Arab Emirates and wholly owned by
Mubadala Investment Company (Mubadala), and Hughes Network Systems,
LLC (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS),
today announced an agreement 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 strong
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, creating 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. The
venture will combine the companies' more than 65 Gbps of Ka-band
satellite capacity on Hughes 65 West, Hughes 63 West and
Al Yah 3 high-throughput satellites
(HTS), reaching more than 95 percent of Brazil's population. It also includes Hughes
and Yahsat's three gateways in Brazil. In addition to the combined existing
capacity, the new entity will also leverage the capacity on Hughes
next-generation JUPITER™ 3 Ultra High Density Satellite (UHDS),
designated EchoStar XXIV, planned for launch in 2021.
In 2018, Yahsat and Hughes launched a joint venture to provide
satellite broadband services to the Middle East, Africa and 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 Chief Executive Officer. "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."
Pradman Kaul, president of
Hughes, added: "Yahsat is the logical partner for Hughes in
Brazil as we continue to expand
our services and meet growing demand across consumer, enterprise
and carrier markets. Brazilians throughout the country will benefit
from the capacity, scale and operational synergies of our combined
entity as we connect the unconnected and enable businesses and
communities to thrive."
Completion of the transaction is subject to customary regulatory
approvals and closing conditions, and is expected to occur later
this year.
Hughes at SATELLITE 2019: Connecting People, Enterprises and
Things
Hughes will exhibit at SATELLITE 2019 on May 6-9 at the Walter E. Washington Convention
Center in Washington, D.C.,
showcasing how consumers, businesses, governments and communities
around the world benefit from the connected experiences enabled by
Hughes technologies and services, today…and tomorrow. See Hughes executives at SATELLITE 2019 for
unique perspective on connecting people, enterprises and things –
including GEO HTS and LEO systems; community Wi-Fi and cellular
backhaul solutions; M2M, AI and IoT networks; aero and maritime
connectivity; MilSatCom and more. For further information, please
visit www.hughes.com/sat19
About Yahsat
Yahsat is a leading global satellite
operator, providing multipurpose satellite solutions for broadband,
broadcast and government communications use across the Middle East, Africa, Europe, and Central and South West Asia. Headquartered in Abu Dhabi, UAE, and wholly owned by Mubadala
Investment Company, the investment vehicle of the Government of
Abu Dhabi. Yahsat is the first
company in the Middle East and
Africa to offer Ka-band services
including YahClick, Yahsat Government Solutions, YahLink and
Yahlive via its Al Yah 1 and
Al Yah 2 satellites.
With the launch of Al Yah 3
satellite, Yahsat's commercial Ka-band coverage has extended to 20
additional markets, reaching 60% of Africa's population and over 95% of
Brazil's population.
Yahsat recently acquired a majority and controlling stake in
Thuraya, UAE's first home-grown mobile satellite services operator.
The acquisition has enabled Yahsat to provide a broad range of
Fixed and Mobile Satellite Services to over 160 countries.
For more information, please visit:
http://www.yahsat.com
About Hughes Network Systems
Hughes Network Systems,
LLC (HUGHES) is the global leader in broadband satellite technology
and services for home and office. Its flagship high-speed satellite
Internet service is HughesNet®, the world's largest satellite
network with over 1.3 million residential and business customers
across the Americas. For large enterprises and governments, the
company's HughesON™ managed network services provide complete
connectivity solutions employing an optimized mix of satellite and
terrestrial technologies. The JUPITER™ System is the world's most
widely deployed High-Throughput Satellite (HTS) platform, operating
on more than 20 satellites by leading service providers, delivering
a wide range of broadband enterprise, mobility and cellular
backhaul applications. To date, Hughes has shipped more than 7
million terminals of all types to customers in over 100 countries,
representing approximately 50 percent market share, and its
technology is powering broadband services to aircraft around the
world.
Headquartered outside Washington,
D.C., in Germantown,
Maryland, USA, Hughes operates sales and support offices
worldwide, and is a wholly owned subsidiary of EchoStar Corporation
(NASDAQ: SATS), a premier global provider of satellite operations.
For additional information about Hughes, please
visit www.hughes.com and
follow @HughesConnects on Twitter.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is
a premier global provider of satellite communication solutions.
Headquartered in Englewood, Colo.,
and conducting business around the globe, EchoStar is a pioneer in
secure communications technologies through its Hughes Network
Systems and EchoStar Satellite Services business segments. For more
information, visit echostar.com. Follow @EchoStar on
Twitter.
©2019 Hughes Network Systems, LLC, an EchoStar company. Hughes
and HughesNet are registered trademarks and JUPITER is a trademark
of Hughes Network Systems, LLC.
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SOURCE Hughes Network Systems, LLC