Telesat reported consolidated revenue of about $228 million...
Telesat reported consolidated revenue of about $228 million in the third quarter this year, an increase of 8 percent from the same period last year. Growth was due mainly to revenue earned on the Anik G1 satellite, which entered commercial…
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service in May (CD May 9 p13), it said in a news release (http://bit.ly/HrWYQh). For the nine-month period ended Sept. 30, consolidated revenue was $645 million, an increase of about $53 million from the same period in 2012, it said. The increase was offset mainly by a decrease in revenue earned on the Nimiq 1 satellite, Telesat said. During the quarter, Telesat announced the procurement of a multi-mission satellite from Astrium SAS that will replace and expand on Telstar 12 at 15 degrees west, it said. The satellite, Telstar 12 Vantage, is expected to launch in 2015.