Growing East

Bayanat JV teams up with VEDA Aeronautics to provide web services in India

Planned $4 billion merger with Abu Dhabi's Yahsat is on track to be completed by mid-year

Mira Aerospace will partner with VEDA Aeronautics to deliver High Altitude Pseudo Satellites. (Photo: Emirates News Agency)

Abu Dhabi’s surveillance and space technology company Bayanat is planning to provide internet services in India under a joint venture with Mountain View, Calif.-based UAVOS, a developer and manufacturer of advanced unmanned systems.

The JV, called Mira Aerospace, will partner with VEDA Aeronautics, an Indian aerospace and defense company to deliver High Altitude Pseudo Satellites (HAPS).

HAPS are a kind of high-flying drone and a relatively new competitor to Elon Musk’s Starlink satellites for providing telecom services.

Bayanat is set to merge with Abu Dhabi’s Yahsat later this year, creating a $4 billion enterprise with Mubadala Investment Co, G42 and International Holding Co., its largest shareholders.

Parallel shareholder meetings are set for April 25 to vote on the proposed merger. 

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