Kuwait’s KIPCO conglomerate, which amongst other investments owns a major (60.5 million) stake in Dubai’s pay-TV operator OSN, saw its Q1 profits jump 13 per cent, with a net profit of $44.7 million ($40 million same period last year).

KIPCO’s published quarterly statements do not break out its divisional performances, but its 2015 Annual Report, recently published, talks of $175 million of profits during 2015.  As for OSN, KIPCO says it increased its revenues in 2015 by 11 per cent and profit by 6.2 per cent.

Other posts by :

1. AST SpaceMobile: “Good for indoor reception”
2. EchoStar booms on SpaceX holding
3. Norway wants a satellite constellation
4. Crossroads backs AST SpaceMobile
5. FCC examines SpaceX’s 15,000 sat-constellation plan
6. EchoStar: “Severe uncertainty” led to spectrum sales
7. Netflix gets downgrade on Warner Bros move
8. UK trims Orbex investment
9. Euro-bank sets up €500m space fund

Categories: Articles, Business, Pay TV, Results