UAE company signs $110 mn transponder lease deal

March 7th, 2008 - 3:54 pm ICT by admin  

Abu Dhabi, March 7 (IANS) The United Arab Emirates (UAE) based state-owned satellite communications company Yahsat has signed a $110 million contract to lease transponders to Emerging Markets Communications (EMC), a leading provider of satellite communications, WAM news agency reported Friday. Under the terms of the contract signed Thursday EMC would lease C-Band transponders on Yahsat’s communications satellites on a long-term basis to provide communication facilities to government, commercial and non-profit organizations including the UN.

“Strategic partnership is among the most important business principles for us, and it reflects on Yahsat’s strategy to have successful relationships with its partners and clients,” commented Waleed Ahmed Al Mokarrab Al Muhairi, chairman Yahsat, during the official signing ceremony.

EMC specializes in providing diverse communications facilities to 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.

“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,” EMC President Abel Avellan said.

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