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Thuraya sets its sights on maritime sector

Mobile satellite services operator aiming for 10% market share in 2 years

Published Wed, Apr 23, 2014 · 10:00 PM
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WHILE British satellite communications firm Inmarsat recently made headlines in the search for the missing Flight MH370, one of its main competitors, Thuraya Telecommunications Company (Thuraya), is quietly making inroads in the maritime sector.

Thuraya, a mobile satellite services (MSS) operator and telecommunication provider, serves sectors such as energy, the broadcast media, maritime and military. Currently, it has two geostationary satellites in space with one of these stationed directly overhead of Singapore. It also provides customers in 160 countries with voice and data services.

The Dubai-based firm recently reported a 15 per cent increase in FY2013 revenue to US$122 million. It expects this figure to exceed US$200 million by 2018, boosted by its maritime business.

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