Telstar Vantage satellites drive revenue growth for Telesat in Q3 2019

OTTAWA — Despite a net loss in its third quarter of 2019, Telesat’s year-to-date income increased to $185 million for the nine months ended September 30, 2019, compared to a net income of $96 million for the same nine-month period in 2018, the company reported Tuesday.Telesat reported a net loss for the third quarter this year of $123 million, a significant decrease from the net income of $117 million the company reported for the same quarter in 2018. The $240 million difference was the result of higher non-cash losses on financial instruments and a larger non-cash loss on foreign exchange...