VOL. XLI

No. 22

1-June-1998

UAE

Ericsson Signs $54Mn Al-Thuraya Contract

Sweden's Ericsson on 27 May signed a $54mn contract with Hughes Network Systems of theUS to supply GSM switching equipment and other satellite infrastructure systems for theUAE's Al-Thuraya satellite, which is being built by Hughes Network. Al-Thuraya announcedon 24 May that it has appointed Mr. Yusuf al-Sayyid as its Chief Executive. Mr. Sayyid, aUAE national, is currently at Etisalat, the UAE State-owned...