The publicly-traded Egyptian Satellite Co SAE (EGSA), commonly known as Nilesat, has recorded another low for the 2019 fiscal year which ended on 12 December 2019. The satellite operator raked in USD 130.7 million for the fiscal year under review, about 10% decline from the USD 145.1 million recorded in 2018. The year was a turbulent year for the revered African satellite operator that launched the continent’s first satellite in 1998. The satellite operator currently owns Nilesat 201 satellite which fully covers East Africa and the MENA region including the Gulf region and Sudan. Nilesat also leased capacity from French satellite operator Eutelsat for Nilesat 102 and Nilesat 104 satellites stationed at 7 and 8 degrees West, respectively.

Source: The North Africa Journal January 21, 2020 10:30 UTC