Telesat: Still wait-and-see on LEO, and bad-debt provisions for aero/maritime customers

by Peter B. de Selding

PARIS — Satellite fleet operator Telesat reported a 10% decline in revenue for the three months ending June 30 compared to the previous year and booked bad-debt provisions of $2.5 million from aero and maritime mobility customers whose business has been laid low by the Covid-19 pandemic.

The company provided no update on its proposed multibillion-dollar LEO constellation of Ka-band broadband satellites, which is still looking for financing and for a prime contractor, beyond assuring that it’s alive and well in the minds of Telesat management . . .

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