2013 profits more than double at Telesat

OTTAWA – Telesat saw 2013 consolidated revenues jump 6% to $897 million year-over-year on the backs of two of its newest birds, while net income jumped to $68.1 million, more than double the $24.4 million reported in 2012.For the year ended December 31, 2013, the global satellite operator said that when adjusted for foreign exchange rate changes, revenue increased by 5% compared to 2012 mainly due to revenue earned on the Nimiq 6 and Anik G1 satellites which entered into commercial service in June 2012 and May 2013, respectively. The increase was partially offset by a decrease in revenue earned...