According to Reuters, sources said banks were Bank of America, America's First Bank, Abu Dhabi Stanley in world coordinators' roles, while the financial group Hermes with HSBC and Abu Dhabi Commercial Bank managed to manage IPO.
The information on the e-mail website shows that it has five satellites serving more than 150 countries.
The sources said last month to Bloomberg, that Yah Telecommunications Company owned by a $ 232 billion sovereign wealth fund is likely to be included in Abu Dhabi. They said final decisions were made on the size or timing of subtraction.
The CEO of Yah Satto, Ali Al Hashemi, who took office this month, told Bloomberg in February that swap is considering an initial public offering, which provides satellite communications solutions in more than 150 countries. It has a fleet of five satellites and owns Thuraya Telecom.
