The nature and degree of such private sector involvement is not yet determined, Hamed said. However, he disclosed that the private sector would have the majority of shares. Full details outlining this co-ownership between Nilesat Thematic Channels and private businessmen are expected to be officially announced within two to three months. This move towards privatization is no news to many. Already in the field the pressure to open up to the market is persuading many state-owned companies to turn private or partially private.
Rumors abound about other channels and stations moving with the tide.