Spotlight

Great Interest in Thuraya by Financial Community

The financial community expressed great interest in bidding for the underwriting of the remainder of Thuraya’s project cost, at a Debt Financing Forum held in Abu Dhabi recently.

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Thuraya at Africa Telecom ’98

Thuraya made a strong showing at the Africa Telecom 98 Exhibition and Conference in South Africa, held May 4 to 9.

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Thuraya names Chief Executive

Thuraya’s Board of Directors has approved the appointment of Mr. Yousuf Al Sayed as Chief Executive of Thuraya Satellite Telecommunications Company.

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Mr. Al Jarwan Appointed Executive Manager

Mr. Jamal Al Jarwan has taken on new responsibilities after being appointed by Thuraya’s Board of Directors as Executive Manager Business Development. Prior to joining Thuraya, Mr. Al Jarwan, a business graduate, was based at the Emirates Telecommunications Corporation (Etisalat), where he held various managerial posts in Sales and Operations.

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Thuraya Hosts Successful Multilateral Coordination Meeting

Thuraya hosted the Second Regions 1 & 3 Multilateral L-Band GSO/ MSS Intersystem Co-ordination Meeting in Dubai, UAE.

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Libya buys 5 per cent stake in Thuraya

Libya buys 5 per cent stake in Thuraya. Thuraya has announced that Libya has taken a five per cent stake worth $25 million in Thuraya. “The amount invested by Libya is $25 million which represents five percent of the total Thuraya capital amounting to $500 million,” according to a Thuraya statement.

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Thuraya and Hughes sign landmark US$ 1 billion deal

Thuraya Satellite Telecommunications Company and the Hughes Space and Communications International, Inc (HSCI)have signed a contract for the creation of a satellite-based mobile phone system that will serve Europe, North and Central Africa, the Middle East, Central Asia and the Indian Subcontinent.

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