Cable & Telecom

Foreign exchange fluctuations flatten Q1 revenues at Telesat

OTTAWA – Telesat posted flat revenues and a steep drop in profits for its first quarter of 2017, the company said Thursday.For the period ended March 31, 2017, Telesat reported consolidated revenues of $235 million, unchanged from the same period in 2016.  During the quarter, the U.S. dollar was approximately 4% weaker against the Canadian dollar than it was during the first quarter of 2016 and, as a result, there was an unfavorable impact on the conversion of U.S. dollar denominated revenues.  Excluding the impact of foreign exchange rate changes, revenue increased by 1% ($3 million) year-over-year.Telesat’s net income for the...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.