OTTAWA – Telesat is back in the black.The company’s net income for the first quarter of 2010 was $80.1 million, compared to a loss of $39 million for the same period in 2009. For the three month period ended March 31, 2010, Telesat reported consolidated revenues of $199 million, a decrease of approximately 2% ($5 million) compared to the same period in 2009. However, when adjusted for foreign exchange rate changes, revenue increased by 5% compared to the same quarter in 2009.Adjusted EBITDA was $149 million, an increase of 3% ($5 million) and an increase of 12% adjusting for foreign...
