Nilesat and TVU Networks Expand Partnership and Transmission Service in Africa
The Egyptian satellite communication provider Nilesat has partnered with the Cloud and IP-based technological developer TVU Networks to increase contribution capability for Nilesat’s African customers and decrease transmission costs. In conjunction with a new satellite scheduled to launch in Q2 2022, TVU Networks will offer an IP contribution and delivery solution to Nilesat customers throughout…
Nilesat set to deploy Ateme’s Titan Live Platform
Satellite communication company, Nilesat, announced its plan to deploy Ateme’s Titan Live platform for its new projects.
Ateme’s Titan project aims to provide an innovative video distribution platform based on Titan components to solve broadcast regionalisation problem and over the top (OTT) support decoding. The project would also revolutionalise transcoding on the fly, cache and splicing. They…
NileSat declares payout date of investors profits
The Egyptian Satellites (Nilesat) will convey yearly money profits of USD 0.45 (EGP 7.06) per share on April 28, as per the organization's April 5 statement filed to the Egyptian Exchange.
Nilesat announced that the dividend would be doled out to the shareholders recorded on April 25. NileSat posted a net benefit of USD 34.15 million (EGP 535.53 million) in 2020, contrasted with USD 42.53…
NileSat reports $125.1 million in revenue and $34.2 million net profit for 2020
The Egyptian Satellite Company SAE, trading as EGSA.CA, has released its unaudited financial statement for the 2020 fiscal year. The financial statement was sent to the Egyptian Exchange on February 11, 2021.
The Egypt-based satellite radio and television broadcasting operator, also known as NileSat, reported $125.1 million in revenue for 2020. This represents a 4% decline compared to the $130.7…
Nilesat Restructures
Egyptian-based satellite operator, Nilesat has informed the Egyptian Stock Exchange as well as shareholders of its decision to modify its Articles of Association.
The Nilesat board approved the addition of new activities to provide services, consultations, and integrated solutions for operating satellites and launching new satellite channels, the company said in a stock market disclosure earlier…
Nilesat Reports USD 63.79 Million Revenue in H1 2020 Earnings Report
Egypt's publicly-traded satellite operator Egyptian Satellites Company (NileSat) has reported USD 31.42 million in revenue earned during the second quarter of 2020, bringing the company's total revenue for the first six months in 2020 to USD 63.79 million.
Nilesat recorded a 17% Year-on-Year decline in net profit in H1 2020, according to the company's financial statements filed to the Egyptian…
Nilesat Reports USD 32.4 million In Revenue During Q1 2020
Egyptian Satellites Company (NileSat), a satellite operator focused on the Middle East and North African market, has reported USD 32.4 million in revenue during the first quarter of 2020, a slight decline from the USD 32.9 million recorded in Q1 2019, according to the company's unaudited financial report available to the public.
Nilesat recorded USD 10.8 million in net profit in the…
NileSat Signs Launch Contract With SpaceX For NileSat-301 Satellite Due For 2022
Egypt's publicly-traded satellite operator Nilesat has signed a launch contract with SpaceX for the in-orbit delivery of Nilesat-301 geostationary communications satellite due in 2022.
The deal was sealed between Nilesat and SpaceX in Cairo on Tuesday, the first cooperation between the two companies, reports MENA-based online news media SatelliteProMe.
Last year, Nilesat awarded French…
NileSat’s Revenue Dips By 10% In 2019, Unaudited Financials Reveal
The publicly-traded Egyptian Satellite Co SAE (EGSA), commonly known as Nilesat, has recorded another low for the 2019 fiscal year which ended on 12 December 2019.
The satellite operator raked in USD 130.7 million for the fiscal year under review, about 10% decline from the USD 145.1 million recorded in 2018.
According to the company's unaudited financials published by Reuters, the North…
NileSat Signs Contract To Build NileSat 301 Communications Satellite
Egypt's publicly-traded satellite operator NileSat has signed a contract with French aerospace giant Thales Alenia Space for the manufacture of a new communications satellite named NileSat 301, reports Egypt Independent.
NileSat CEO Ahmed Anis and Martin Van Schaik, Senior Vice President at Thales Alenia Space, inked the deal yesterday.
Ahmed Anis said the signing of the deal follows the…