Cable & Telecom

Foreign exchange hits Telesat earnings

OTTAWA – Telesat reported consolidated revenues of $232 million in the first three months of 2018, compared to $235 million in the same period in 2017.During the quarter, the U.S. dollar was approximately 5% weaker against the Canadian dollar than it was during the first quarter of 2016 and, which impacted its U.S. dollar revenues. Excluding the impact of foreign exchange rate changes, revenue increased by 2% ($4 million) compared to the same period in 2017, says the satellite owner/operator’s press release.Operating expenses of $38 million for the quarter were 31% ($17 million) lower than the same period in 2017,...
 

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.