Cairo-based Nilesat reported a 15.6 per cent fall in profits for the year to September 30th. Net profit for the year was $35.04 million (down from $41.53 million in the previous year).

Nilesat is reviewing its next move as far as a new satellite (Nilesat 301) is concerned. Nilesat works closely with Eutelsat and operates from the 7 degrees West orbital location.

Eutelsat operates from the adjacent 8 degrees West position.

Trade newsletter Space Intel Report suggests that Thales Alenia Space has pitched to build the new Nilesat satellite (as have other satellite builders).

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, Results