Nilesat’s CEO Ahmed Anis confirmed to a general assembly meeting of shareholders that the company recorded net profits of more than $34 million last year. The profit was based on revenues of $125 million. However, this was a 4 per cent decline on 2019’s $130.7 million revenue. He told the meeting that Nilesat had paid […]
Arabsat has announced the signing of a strategic partnership and cooperation agreement with Cairo-based IT specialist Fixed Solutions and EgyptSat to “enhance the commercial relationship between the three parties and benefit from the different services of Arabsat satellites, which have a multiple wide range of coverage”. Khalid bin Ahmed Balkheyour, CEO of Arabsat, expressed his […]
Egypt’s public broadcaster, the Egyptian Radio & Television Union (ERTU), has been technically bankrupt for many years. It has been kept afloat by annual handouts from the Egyptian government. Rumours have circulated that the government is contemplating placing a supplementary tax on electricity bills in order to fund the broadcaster, and pay for expansion and […]
Cairo-based satellite operator Nilesat continues to suffer from squeezed margins leading to falling revenues and lower net profit. In its latest set of accounts, released to the Cairo stock exchange on February 11th, the operator’s net profit for 2020 tumbled 19.8 per cent (y-o-y) to $34.15 million, compared to $42.53 million in the previous year. […]
Channel 4 has acquired dramedy Ramy from Lionsgate Television, with season one launching on February 5th on Channel 4 and episodes then available on All 4. Golden Globe winner and comedian Ramy Youssef stars in the titular role as a millennial Egyptian American on a spiritual journey, caught between the two cultures of his politically […]
Rohde & Schwarz, a global leader in TV & radio terrestrial transmission has announced a strategic contract win with the Egyptian National Media Authority (ENMA). In what represents the second phase of a major DVB-T2 network expansion in one of Africa’s largest and most populous countries, Rohde & Schwarz will equip multiple transmission sites with […]
Cairo-based satellite operator Nilesat suffered further falls in profit for its first-quarter trading. Net profits were down by 5 per cent at $10.8 million ($11.38 million a year ago). Nilesat’s revenues declined to $32.36 million in the January-March period, compared to $32.86 million in the same period in 2019, according to a stock market disclosure […]