The announcement comes shortly after Yahsat made its first public appearance this week and confirms market confidence in Yahsat's capabilities to provide advanced satellite solutions in the region.
"Strategic partnership is among the most important business principles for Mubadala investments, and it reflects on Yahsat's strategy to have successful relationships with its partners and clients. Our participation in CABSAT for the first time has certainly been the perfect platform to kick off our strategic partnerships with potential clients, one of which has just been signed now, and lot more being studied to be finalized soon,"
commented Mr. Waleed Ahmed Al Mokarrab Al Muhairi, Chairman, Yahsat during the official signing ceremony.
EMC specializes in meeting the diverse communications needs of its customers, which include international NGOs and Fortune 500 companies. The company's satellite services are extensively deployed by International rescue operations and humanitarian activities.
EMC and Yahsat's focus on emerging markets and the commitment of both organizations to provide the best of value added telecommunication services to our respective customers make this partnership a tremendous win not only to our customers but also for our industry. Both Yahsat and EMC maintain a constant flow of investment and innovation to provide customers with the right options of services in the region as well as other emerging markets. I am extremely pleased with this relationship and the value that Yahsat adds to EMC and to EMC's valuable customers," said EMC President Mr. Abel Avellan.
Incorporated in January 2007 and supported by a $1.7 billion investment from parent company Mubadala Development Company (Mubadala), the strategic investment and development vehicle for the Abu Dhabi Government, Yahsat will develop, procure, own and operate hybrid satellite systems based on market requirements and future applications.
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Posted by Anne-Birte Stensgaard, Senior News Editor
