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Full coverage· Tech· Updated

Israel Aerospace Industries Nears $1 Billion Satellite Deal with Nigeria

Nigeria plans to buy two advanced communication satellites from Israel Aerospace Industries and Thales Alenia in a deal worth about $1 billion, marking IAI's largest satellite contract. The satellites aim to reduce Nigeria's reliance on China and expand digital services nationwide.

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What happened

  1. 01Nigeria plans to purchase two advanced communication satellites from Israel Aerospace Industries and Thales Alenia.
  2. 02The deal is valued at around $1 billion, the largest in IAI's history.
  3. 03Nigeria aims to reduce dependence on Chinese satellites after a debt dispute.
  4. 04The satellites will enhance broadband and digital services in underserved Nigerian regions.
  5. 05Launches are planned for 2028 and between 2029-2030, pending contract finalization.
  6. 06NIGCOMSAT's CEO highlighted the deal's potential to boost Nigeria's global satellite economy position.

Launches are expected between 2028 and 2030, pending final contracts.

Translated and summarized by baba from Walla, the latest report. Read Walla’s original

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