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.
Project will pave the way for the Ottawa firm’s customers to deliver high-speed internet to the farthest reaches of the globe.
Downtown firm says trading on U.S. exchange will help fund its multibillion-dollar low-Earth orbit satellite program.
Ottawa-based satellite equipment provider posted a net income of $107 million in the quarter ending Sept. 30.
Public offering expected to help fund firm's multibillion-dollar LEO satellite program.
Ottawa-based company gearing up to deploy low-Earth orbit satellite constellation by 2024
Incoming CFO Andrew Browne says it didn’t take much convincing for him to rejoin forces with his old executive partner, Telesat CEO Dan Goldberg
Telesat CEO Dan Goldberg is turning to a familiar face to run finances at his company as it enters year No. 51 in business