Advanced Television


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