Ottawa-based firm says it now plans to deliver 188 satellites plus 10 backups aimed at delivering high-speed internet service to remote areas – down from its previous target of 298 satellites.
Ottawa firm said Friday its low-Earth-orbit satellite network aimed at delivering high-speed internet to remote areas might not be in orbit until 2025, a year later than planned.
Dan Goldberg said Tuesday the move will allow the company to tap into the public markets as it looks to get its $6.5-billion low-Earth-orbit satellite project off the ground.
Ottawa-based company generated revenues of $192 million for the three-month period ending Sept. 30, down from $202 million a year earlier.
Ottawa-based satellite equipment provider names former Comcast Business VP Glenn Katz to the newly created role of chief commercial officer.
Contribution marks a 'decisive step' toward fully financing Ottawa-based company's $6.5-billion project aimed at delivering high-speed internet service to remote areas, CEO says.
Telesat has signed a $109-million contract with the Ontario government that will see the Ottawa-based satellite equipment manufacturer help deliver high-speed internet service to rural areas of the…
Ottawa-based company reported revenues of $190 million for the three-month period ending March 31, down from $208.7 million a year earlier.
Company said it lost a contract with a major North American direct-to-home broadcast customer and saw revenues from clients in the aeronautical and maritime industries dip during the pandemic.
The Quebec government will receive a $200-million equity stake in the cutting-edge satellite network and will also provide Telesat with a $200-million loan.