Verified facts grounded in source documentation.
Gilat demonstrated record performance in the first-ever 0.005 kg connectivity over Telesat’s Phase-1 LEO on two occasions in 2019.
For the first three quarters of 2020, Telesat reported revenue of $619 million, down from $691,000,000 a year earlier, a decline of about 10%.
Telesat plans to launch the remaining 220 Telesat LEO satellites into inclined orbits by the end of 2023.
Telesat reported a net loss of 123 million Canadian dollars for the July–September quarter, compared with a profit of 117 million Canadian dollars for the same quarter in 2018.
Telesat Canada raised $550,000,000 in new senior notes this fall and used the proceeds to pay off older debt.
The Canadian government announced on 2019-07-24 financial support for Telesat LEO and described the constellation as a 298-satellite system intended to bring internet to some of Canada’s most rural citizens.
The Canadian government is investing 85 million Canadian dollars ($64,700,000) into research and development for Telesat’s broadband satellite constellation.
Telesat will invest 215 million Canadian dollars over the next five years into research and development for its LEO constellation.
Telesat reported a quarterly net income of 172 million Canadian dollars on revenue of 222 million Canadian dollars.
Telesat is providing a small amount of capacity to Intelsat to cover for Intelsat’s 2019-04-07 loss of the Intelsat-29e satellite.
Telesat reported a net loss of 91 million Canadian dollars for 2018, compared with a net profit of 505 million Canadian dollars in 2017.