Rising demand from the region around conflict-torn Syria has buoyed Thuraya, the United Arab Emirates satellite telecommunications business, which says it is “turning the corner” financially after several disappointing years.
While uprisings around the Arab world have boosted Thuraya’s sales, the company’s bigger ambition – in the face of competition from rivals such as Iridium, Inmarsat and Globalstar – is to grow in lucrative Asian markets and expand profitable business lines such as vehicle tracking.
Satellite telecoms group ‘turning corner’ - FT.com
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