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Telesat revenues decrease 4% to CAD 222 mln in Q1

Thursday 2 May 2019 | 16:24 CET | News

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Telesat saw its Q1 consolidated revenues decrease 4 percent year-on-year to USD 222 million. When adjusting for the impact of foreign exchange rate changes, revenue decreased by 6 percent compared to the same period in 2018. The decrease was primarily due to a decrease in short-term services provided to other satellite operators, lower equipment sales to a North American customer and lower revenue from certain customers in the resource sector, partially offset by revenues from the Telstar 19 Vantage and Telstar 18 Vantage satellites, which entered commercial service in late 2018.

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Categories: Broadcast & Satellite
Companies: Telesat
Countries: Canada
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