Telesat reported consolidated revenue of about $217 million...
Telesat reported consolidated revenue of about $217 million for the quarter ending March 31, about $23 million more than the same period last year, it said in a press release (http://bit.ly/ZpQRyl). The growth was mainly due to the deployment of…
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the Nimiq 6 satellite last year and higher equipment sales, it said. At about $50 million, operating expenses were 40 percent lower than last year, Telesat said, mainly due to special compensation payments “to executives and certain employees in connection with the cash distributions made to Telesat’s shareholders in 2012.” Telesat had a net loss of about $96 million for the quarter, compared to a $97 million net income for the same period last year, it said. Fleet utilization was 91 percent for its North American fleet, and 84 percent for the international fleet, it said. Last month, the company launched the Anik G1 satellite to 107.3 degrees west (CD April 17 p18).