US EditionTelesat Reports Results for the Quarter and Twelve Months Ended December 31, 2024
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TV Tech Industry NewsTelesat revenues fall 19%
Canadian-based satellite operator Telesat reported consolidated revenue of C$571 million (€370m), a decrease of 19 per cent (C$133 million) compared to the prior year. When adjusted for changes in foreign exchange rates, revenue declined 20 per cent (C$138 million) compared to 2023. The decrease was attributed to rate and capacity reductions by its North American […]
Telesat CEO remains 'bullish' on company's future despite revenue slide in 2024
Telesat’s revenues fell 20 per cent in 2024 compared with the previous year, the Ottawa-based company reported Thursday, but CEO Dan Goldberg says he’s “more bullish than ever” on his firm’s low-Earth-orbit satellites as “tectonic shifts in the geopolitical environment” push governments to boost defence spending and diversify the providers they work with. Goldberg told […] Already an Insider? Log in Get Instant Access to This Article …
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