Cable / Telecom News

Telesat’s Q3 revenue declines 6%


OTTAWA — Telesat reported today its consolidated revenue for the third quarter of 2022 decreased 6% ($12 million) to $180 million compared to the same quarter of 2021. The decrease “was primarily due to a reduction on renewal of a long-term agreement with a North American DTH customer and, to a lesser extent, revenue from short-term services provided to another satellite operator in 2021 that did not recur in 2022,” explains a press release announcing Telesat’s financial results for the quarter and nine months ended Sept. 30, 2022. “This was partially offset by higher revenue from mobility customers and the...