New birds mean new revenue for Telesat

OTTAWA – Telesat reported a boost in sales, EBIDTA and income in the second quarter of 2019, ended June 30th.The satellite company reported consolidated revenues of $231 million, an increase of 9% compared to the same period in 2018, and was helped along by the impact of foreign exchange rate changes. However, most of the increase was due to higher revenue related to the Telstar 19 Vantage and Telstar 18 Vantage satellites, which entered into commercial service in August 2018 and October 2018, respectively, combined with an increase from short-term services provided to other satellite operators, reads the company press...