Ottawa-based satellite operator Telesat has reported it is under further pressure from its declining DTH video business but maintained its formal guidance for this year’s revenue and profit targets. However, the disappointing results sent its share price tumbling 11 per cent despite some optimism for the company’s transition to a LEO operator. April 1st brought […]
Cairo-based Nilesat reported a 12 per cent increase in profits for the year ended December 31st 2023. The company’s profits reached $43.754 million, compared to $38.967 million in 2022. Revenues from operations also increased by 2 per cent to $101.825 million, compared to $99.859 million in 2022. The announcement was made during the company’s general […]
The Netgem Board of Directors has approved the accounts of the 2023 financial year. The Group says its 2023 show “the acceleration of all profitability indicators”. The Board specifies its outlook for 2024: Positioning refocused in the market for video entertainment technological services and solutions (‘Entertainment Tech’), Balance sheet able to finance its strategy of […]
Rai Way, the tower company owned by Rai, has reported positive financial results for 2023. Revenue grew 10.8 per cent to €271.9 million, adjusted EBITDA increased 19.4 per cent to €180.3 million, and net profit climbed 17.7 per cent to €86.7 million. The Board of Directors has also approved Rai Way’s industrial plan for 2024-2027. […]
Broadband infrastructure specialist, Technetix, has announced a record year of growth and increased momentum in sales in the North American market, with the release of the company’s results for 2023.With an increase in revenue of 33 per cent to $157 million (€144.8m) – compared to $118 million in 2022, this strong growth comes at a […]
Italy-based broadcasting group MFE-MediaForEurope is expected to close 2023 with profit exceeding €217 million, the figure recorded in the previous year. This figure does not include the effects of adding ProsiebenSat.1 to their finances. Advertising revenues in Spain and Italy are expected to grow by 5 per cent compared to the same period in 2023. The […]
MásMóvil ended the year increasing its revenues by 3 per cent to €2.97 billion, albeit losing €240 million overall. EBITDA remained flat versus the previous year reaching €1.18 billion with investments totalling €437 million. In term of customers, MásMóvil added 650,000 new lines including mobile and fixed broadband. Overall, the company has 15.9 million lines, […]
German multimedia group RTL has reported what it describes as a “strong” H2 2023. The group says its results came in in line with the guidance for the full-year 2023: On a pro-forma basis, Group revenue of €6.9 billion and Adjusted EBITA of €927 million, the latter including streaming start-up losses of €179 million. In […]
Thuraya, part of Yahsat, is in the process of merging with Bayanat into new business Space42. But while Yahsat reported a respectable 6 per cent rise in 2023 revenues, it was its Thuraya division which generated an impressive 23 per cent increase. Yahsat bought Thuraya in 2018. Thuraya operates large satellites using L-band for mobility-based […]
Arabsat’s CEO Alhamedi Alanezi says the satellite operator’s revenues for last year exceeded $200 million (€182.9m). Alanezi said that the company’s expansion plans could be funded from its own resources without the need to raise debt. Arabsat also announced that it has signed a MoU with Canada-based Telesat. The partnership aims to leverage Arabsat’s expertise […]