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NileSat considers biddings for new satellite

NileSat considers biddings for new satellite
A committee was formed to study biddings
Nilesat
EGSA
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Cairo – MubasherEgyptian Satellites Co (NileSat) announced that it received biddings for the manufacturing and launch of Nilesat 301 satellite and its ground stations.

A committee was formed to study biddings and determine the best offer, according to a bourse statement released on Thursday.

NileSat’s profit declined by 12.2% year-on-year to $23.81 million during the first half of 2019.