Telesat’s Q1 results show why the company is moving at full throttle to its Lightspeed LEO constellation

by Peter B. de Selding

LA PLATA, Maryland — Satellite fleet operator Telesat reported double-digit declines in revenue and adjusted EBITDA for the three months ending March 31 and said the degradation of its geostationary-satellite business is yet another sign that it needs to bring its 198-satellite Lightspeed broadband constellation into service as quickly as possible.

Telesat has secured final approval of its funding from the Government of Canada and Québec, plus vendor financing, for Lightspeed, but will spend around 1.2 billion Canadian dollars ($875 million) this year . . .

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