OTTAWA – For the quarter ended June 30, 2020, satellite company Telesat reported consolidated revenue of $208 million, a decrease of 10% compared to the same period in 2019. Revenue decreases were primarily due to a reduction of service for one of Telesat’s North American DTH customers, which the company did not name, “and lower revenue due to the completion of the term for prepaid services in a customer agreement that was accounted for as having a significant financing component. In addition, revenue associated with short-term services provided to another satellite operator in the second quarter of 2019 did not...
