Satellite reception remains the dominant means of receiving TV despite the uptake of IPTV and streaming services in the MENA region, according to an Arabsat-commissioned study carried out by market research specialists IPSOS. Moreover, the study found that at least 45 per cent of viewers are less than 30-years-old, which “illustrates the strong sustainable relevance […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]