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nilesat

Eutelsat taking back Nilesat capacity?

Nilesat and Eutelsat effectively share the 7/8 degrees West orbital positions and have a considerable amount of inter-trading over the MENA market. Eutelsat CEO Rodolphe Belmer told analysts on Eutelsat’s post-results conference call that it intends to “take back” some of Nilesat’s capacity serving the Arabic-speaking market “to distribute it ourselves.” He explained that the […]

February 15, 2021By Chris Forrester

Nilesat revenues and profits decline

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. […]

February 15, 2021By Chris Forrester

Nilesat confirms SpaceX launch

Egypt’s latest commercial geostationary satellite, Nilesat 301, will be launched by SpaceX next year. Nilesat 301 is being built by Thales Alenia Space and follows on from a long relationship with Arab satellite operators. The very first Arabsat (Arabsat-1A) was built by Alcatel Alenia in 1985 which was eventually absorbed by Thales Alenia. Nilesat 301 […]

February 2, 2021By Chris Forrester

Nilesat restructures

Cairo-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 […]

January 13, 2021By Chris Forrester

Nilesat’s Hamza passes

Salah Hamza, the former Chief Engineer and CTO at Egypt’s Nilesat Satellite Company has died. He had been ill for some time having suffered a major stroke some 3 months ago.  He retired from Nilesat in 2014. Hamza, during his time at Nilesat, was ‘Mr Satellite’ for the hundreds of Middle East channels that flocked […]

October 23, 2020

Nilesat profit falls 17%

Nilesat has continued to see pressures on its revenues and net profit. The Cairo-based satellite communications company reported a 17 per cent reduction in its net profit for the first six trading months of 2020. According to its statement filed to the Egyptian Stock Exchange, the satellite operator said its net profit stood at $19,564,668 […]

August 24, 2020By Chris Forrester

Nilesat profits fall

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 […]

June 9, 2020By Chris Forrester