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. Eutelsat shares rebound
2. Zombies; channels, ads, viewers
3. Analyst: How disruptive could Starlink be?
4. Bank: AST SpaceMobile has 2 year head start on Starlink
5. SpaceX wraps IPO; 8,000 launches by 2030
6. Markets braced for SpaceX IPO
7. Former SpaceX exec to build ‘space taxis’
8. Eutelsat shares crash despite good news
9. Analyst: Years of subs growth ahead for Starlink

Categories: Articles, Business, Results