Telesat: Geo-sat business buffeted by broadcast decline & Starlink enterprise success; Lightspeed to the rescue in 2027

by Peter B. de Selding

LA PLATA, Maryland — Satellite fleet operator Telesat reported a 7% decline in revenue and a 6% drop in adjusted EBITDA for 2023 and said 2024 would be much worse — revenue down another 21%, EBITDA down 34.5% — as it withstands the decline of its geostationary-orbit-satellite business and looks toward its Lightspeed constellation of low-orbiting broadband satellites.

The decline in the geostationary market is two-fold: a steady reduction in satellite-television revenue with the move to streaming services and, on the enterprise side, the advance of SpaceX . . .

To view the entire article, become a subscriber!

You may also like