Reports Q3 revenue C$138.441M vs C$175.086M last year. “The third quarter showed strong progress in our build-out of Telesat (TSAT) Lightspeed, our state-of-the-art Low Earth Orbit constellation,” commented Dan Goldberg, Telesat’s President and CEO. “During the quarter, we concluded our funding arrangements with the governments of Canada and Quebec, securing the financial resources necessary to fund the global Telesat Lightspeed network. Telesat Lightspeed will revolutionize broadband connectivity for enterprise and government users and represents a highly compelling growth and value creation opportunity for Telesat and its stakeholders.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSAT:
- Telesat signs $39M contract with Satixfy Communications
- Is TSAT a Buy, Before Earnings?
- Telesat, Airbus begin collaboration to integrates Lightspeed into HBCplus
- Telesat awards contract to Intellian to design, supply gateway antennas
- Short Report: Applied Digital bears cut bait as stock price rolls higher