OTTAWA - Telesat Holdings Inc. reported a net income of $12.4 million for the second quarter, reversing a net loss of $101.4 million in the preceding quarter. The newly-independent satellite company, which had been a subsidiary of BCE Inc. posted operating revenues $169.5 million for the three months ended June 30. That's a four per cent increase from the $162.7 million in revenue reported in the previous quarter.The company says quarter-over-quarter operating expenses were flat as additional savings from Telesat’s synergy program were offset by a combination of in-orbit insurance for Anik F3 and certain costs related to the higher...
