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Mubadala to take Yahsat and its satellites publicMENA

Mubadala to take Yahsat and its satellites public

The Abu Dhabi-based satellite communications company Yahsat announced it’s waiting for its owner Mubadala to decide whether or not to take it public via an IPO.

According to an executive at Yahsat, the company is “very healthy to be applicable for IPO, but Mubadala has to take the final decision.”

Yahsat operates 5 satellites that provide integrated satellite communications solutions to more than 150 different countries across Europe, the Middle East, Africa, South America, Asia, and Australia. It is just one of many companies in the portfolio of Mubadala, Abu Dhabi’s $232b sovereign wealth fund.

why it matters
An IPO would give Yahsat a cash injection to invest in growing the company further (perhaps even beyond the frontier of satellite communication services). Could Yahsat eventually give Elon Musk's Starlink a run for its money?