Cairo – Mubasher: Egyptian 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.
