OTTAWA – For the year ended December 31, 2020, satellite operator Telesat reported consolidated revenue of $820 million, a decrease of 10% compared to 2019. “The revenue decrease was due to lower short-term services provided to other satellite operators, a reduction of service for a broadcast customer, the completion of the non-cash amortization of a significant financing component of an agreement, and the impact of the Covid-19 pandemic, particularly on customers serving the aeronautical and maritime markets,” reads the explanation in the press release. Operating expenses in 2020 were $181 million, an increase of 9% over the prior year. That...
