Egypt’s latest commercial geostationary satellite, Nilesat 301, will be launched by SpaceX next year. Nilesat 301 is being built by Thales Alenia Space and follows on from a long relationship with Arab satellite operators. The very first Arabsat (Arabsat-1A) was built by Alcatel Alenia in 1985 which was eventually absorbed by Thales Alenia. Nilesat 301 […]
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 […]
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 […]
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 […]
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 […]