NileSat to Launch NileSat-301 in May
Egypt’s publicly-traded satellite operator NileSat will be launching its fourth, Egypt's tenth, and Africa's 48th satellite, NileSat-301 sometime in May. According to Thales Alenia Space, the satellite manufacturer, Nilesat-301 has recently been placed inside its transport container and is now ready for departure. It will leave Cannes’ plant in the upcoming weeks, heading for Fos Sur Mer to take…
NileSat to Launch NileSat-301 in May
Egypt’s publicly-traded satellite operator NileSat will be launching its fourth, Egypt's tenth, and Africa's 48th satellite, NileSat-301 sometime in May. According to Thales Alenia Space, the satellite manufacturer, Nilesat-301 has recently been placed inside its transport container and is now ready for departure. It will leave Cannes’ plant in the upcoming weeks, heading for Fos Sur Mer to take…
NileSat’s Net Profit Dropped by 22% in the First Nine Months of 2021
The Egyptian Satellite Company SAE, trading as EGSA.CA, has reported net profits of USD 20.3 million in the first nine months of 2021, a drop of 22% year-on-year (YoY) from USD 26.07 million.
The Egypt-based satellite radio and television broadcasting operator, NileSat, generated USD 86.66 million in revenue in January-September 2021. The amount is an 8.3% decline compared to the USD 93.89…
Eutelsat and Nilesat Renew Long-standing Partnership at the 7° West Orbital Position
Eutelsat Communications (Euronext Paris: ETL) and Nilesat, Egypt’s premier satellite operator, have agreed on partial renewal terms for Ku capacity at Eutelsat’s 7° West position, part of the 7/8° West video hotspot, for broadcast services across the Middle East. Furthermore, the multi-year, multi-transponder agreement represents the partial renewal of capacity by Nilesat at enhanced terms.…
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…