RIYADH, April 30, 2007 - Satnews Daily - The Arab Satellite Communications Organization (ArabSat), a leading provider of satellite communications to the Arab world, announced revenues of $60 million in 2006. It provided no other financials, however.
ArabSat CEO Khaled Ben Ahmad Belkhoyour said the company is implementing its strategic plans to own and run satellites. ArabSat launched its Badr 4 satellite late last year and said the satellite’s capacity will be fully sold out by mid 2007.
The company, which maintains an integrated fleet of satellites covering all telecom services, has plans to launch another three satellites within the next year-and-a-half to keep up with the regional demand.
ArabSat is a leading communications satellite operator in the Middle East, headquartered in the city of Riyadh, Saudi Arabia. ArabSat owns and operates five satellites platforms at orbital positions 26° and 30.5° East. Arabsat delivers satellite-based, public and private telecommunications services to Arab states. With more than 20 member countries, the organization plays a vital role of enhancing communications in the Arab world.
ArabSat has operated a GEO telecommunications system since its first satellite launch in 1985. ArabSat’s satellites provide coverage to more than 100 countries in the Middle East, Africa and the major parts of Europe. The newest satellite, Badr 4 (or Arabsat 4B), was launched November 2006.
