UPDATE Dec. 20: This story has been updated to reflect additional information from Yahsat and Bayanat.
LA PLATA, Maryland — United Arab Emirates-based fixed and mobile satellite fleet operator Yahsat is merging with geospatial imagery and analytics provider Bayanat in a transaction that the companies said will “create an AI-powered technology champion with global reach” and a pro forma market capitalization of about $4 billion.
Both companies are traded on the Abu Dhabi Securities Exchange (ADX).
The Yahsat and Bayanat boards of directors . . .
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