Arab Satellite Communications Organization (Arabsat), the top satellite service provider in the Arab world and a global leader in satellite operations, has recently signed a memorandum of understanding (MoU) to establish a long-term strategic partnership with Telesat (NASDAQ and TSX: TSAT), one of the largest and most innovative global satellite operators.ย
Industry sources added that this partnership is poised towards collaborative efforts in the commercialization of the Telesat Lightspeed constellation in the MENA region as well as cooperation on regulatory aspects and orbital resources.
Industry sources further affirmed that the project has been named โTelesat Lightspeed,โ it entails the creation of numerous satellites in low earth orbit. The constellation will work with terrestrial landing stations and PoPs, offering worldwide broadband services and solutions to clients. The partnership aims to leverage Arabsatโs expertise as the MENA regionโs leading satellite provider, while identifying mutually beneficial areas of collaboration and long-term purchase opportunities. The MoU outlines cooperation across the technical, commercial, and regulatory aspects of the project.
โWe are pleased to partner with Arabsat to explore the integration of Telesat Lightspeed with Arabsatโs multi-orbit services in the MENA region,โ stated Glenn Katz, Chief Commercial Officer at Telesat. โThis collaboration marks a significant advancement in satellite communications for the MENA region, and together, we can foster innovation and unlock new opportunities for robust, secure, enterprise-grade connectivity.โ
Commenting on the partnership with Telesat, Wael AlButi, Vice President and Chief Commercial Officer, stated: โWe are delighted to join hands with Telesat on a project of such magnitude that holds the potential to revolutionize global communications. Arabsat is eager to contribute our robust communications capabilities and the strength of our satellite network to bolster Telesat’s ambitious project, in line with our commitment to advancing the future of digital connectivity. The shared objectives between our two companies not only solidify our collaboration but also pave the way for exciting new opportunities in the global communications market.โ
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