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 […]
EchoStar-owned Hughes Network Systems has been selected by Cairo-based Nilesat for a local gateway which will use Nilesat’s 301 satellite. Hughes will supply one of its Jupiter Gateways and installation will begin shortly and be complete by the end of Q3. Commenting on the deal, Sameh Katta, Chairman/CEO of Nilesat, said: “The Nilesat vision is […]
Egyptian-based NileSat and Qatari-based Es’hailSat have signed a strategic partnership agreement for cooperation in satellite services in the Middle East and North Africa (MENA) region. The agreement means that NileSat, via Es’hailSat, has access to the Arabsat orbital ‘hot spot’ of 25.5/26 degrees East where Es’hailSat also has satellite coverage. Es’hailSat, in return can now […]
Cairo-based Nilesat has reported net profits (after tax) valued at $43.75 million (€40.4m) in 2023, higher by 12.29 per cent year-on-year (YoY) than $38.96 million. Revenues amounted to EGP 101.82 million last year, up 1.97 per cent from EGP 99.85 million in 2022, according to the financial results. Nilesat’s earnings per share (EPS) reached $1.03 […]
Cairo-based satellite operator Nilesat has reported a modest increase in revenues of 2.1 per cent for the H1 2023 trading period. Nilesat serves the MENA region with digital TV transmissions and play-out services. Its quarterly revenues, to June 30th, have stayed flat over the past year. The current period showed revenues of $25.61 million. The […]
Skyline Communications, a provider of digital transformation software solutions, proudly recognises the significant achievement of a WTA Tier-4 certification by Nilesat, a leading satellite operator in the Middle East region, based in Egypt. Skyline’s DataMiner platform has played a pivotal role in Nilesat’s ongoing commitment to innovation in teleport technologies and the delivery of top-tier […]
Nilesat, the Egyptian satellite company, has reported a 3.2 percent year-on-year rise in net profits after tax during the first half of 2023, recording net-profit of $19.304 million, compared to $18.706 million, according to the financial income statement filed to the Egyptian Exchange. Nilesat’s operating revenue climbed by 2.09 per cent year-on-year in the six-month […]
Ateme, a player in video compression, delivery, and streaming solutions, has announced that its video headed is feeding the latest satellite launched by Nilesat, the satellite service provider delivering digital television, radio, and data services across the Middle East and Africa. For the third time, Nilesat has chosen Ateme for its video headend; this time […]
Cairo-based satellite operator Nilesat has reported a 2.8 per cent Q1 rise in its net profit in the three months to March 31st 2023. First-quarter net profit rose to $7.47 million (€6.9m), from $7.27 million in the same period in 2022, although this was down on the 2021 Q1 period when net income was stated […]
Cairo-based satellite operator Nilesat has declared payment of a cash dividend equal to $0.45 per share. Payment to shareholders will be made on April 13th. While the 45c to be paid is the same as that for 2021, it is a reduction of that paid in 2020 (55c) and 2019 (60c). Nilesat has improved its […]