UAE fixed & mobile satellite fleet operator Yahsat, preparing for IPO, says revenue fell 7% in Q1 and in 2020

by Peter B. de Selding

UPDATE June 27: Mubadala Investment Co.'s Yahsat satellite fleet operator set an initial price range of between 2.55 and 3.05 UAE dirhams ($.69- $.83) for the sale of between 30% and 40% of Yahsat's equity. A final price will be set on July 9, with trading on the Abu Dhabi Securities Exchange (ADX) to start on July 14.

PARIS — Fixed and mobile satellite services provider Yahsat reported $90.2 million in revenue for the three months ending March 31 of this year, down 7% from . . .

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