Cairo-based satellite operator Nilesat saw its revenues fall marginally during 2024. In the year to December 31st its revenues were $101.14 million (€96.5m) down slightly from $101.82 million in the same period last year, but its total profit grew almost 24 per cent to $42.98 million (from $37.7 million).

The past year saw new cooperation agreements signed with Qatar-based Es’HailSat and Saudi Arabian-based Arabsat.

Nilesat’s collaboration with its two satellite rivals seeks to unify and improve satellite broadcasting and communication services through an advanced, wide-reaching system that caters to the diverse needs of customers in the Middle East and Africa.

Other posts by :

1. Bank: “Charter racing to the bottom”
2. SpaceX IPO in June?
3. Russia postpones Starlink rival
4. Why don’t lawmakers like Netflix?
5. Viasat taps Ex-Im Bank to finance satellite
6. Bank: TeraWave not a direct threat to AST SpaceMobile
7. SpaceX lines up banks for IPO
8. SES to FCC: “Don’t auction more than 160 MHz of C-band”
9. Morgan Stanley downgrades Iridium

Categories: Articles, Business, Results

Tags: egypt, nilesat