TUPPER LAKE, NY — Telesat Canada’s heritage fleet of 14 geostationary-orbit satellites’ business has shrunk so far that its total backlog is less than that of the Telesat Lightspeed LEO broadband network, still two years away from commercial service.
Telesat had predicted this would happen, but the speed of the turnaround is still striking to witness.
In the six months ending June 30, Telesat revenue dropped 27%, to 223 million Canadian dollars ($162.1 million), mainly due to non-renewals of contracts from North . . .
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