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Cable & Telecom

October 30, 2015 7 years ago

Weak dollar adds to Q3 losses at Telesat

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OTTAWA – Despite an uptick in revenue, Telesat saw third quarter profits fall by some $98 million.For the quarter ended September 30, 2015, the global satellite operator reported a net loss of $139 million compared to a net loss of $41 million for the same period in 2014.  Results were positively impacted by higher operating income and lower interest expense, however, these positive impacts were more than offset by the negative impact of the weaker Canadian dollar on the translation of Telesat’s U.S. dollar denominated debt into Canadian dollars, changes in the fair value of financial instruments, and higher tax...
 

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Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.