Yahsat: Thuraya mobility revenue up 23% in 2023, division will pivot to data ‘to compete with the big guys’

by Peter B. de Selding

LA PLATA, Maryland — Fixed and mobile satellite fleet operator Yahsat reported a 6% increase in revenue and a 5% in EBITDA in 2023 led by a remarkable second-half-year performance of its Thuraya mobility division.

Thuraya, which operates large L-band satellites in geostationary orbit, reported a 23% increase in revenue, to $100 million, a record performance since United Arab Emirates-based Yahsat purchased Thuraya in 2018.

At the half-year point, Thuraya showed a 4% revenue decline. The turnaround in Q3 and Q4 . . .

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