In its Q2 2022 financial results, Canadian satellite operator Telesat reported: Consolidated revenue of $187 million, a decrease of $1 million compared to the same period in 2021. When adjusted for changes in foreign exchange rates, revenue declined 3% compared to 2021. The decline was attributed to a partial renewal of a long-term contract with…

In Q1 2022, operator Telesat reported:  $186 million Canadian dollars ($144 million) in revenue, a 3% decrease compared to the same period in 2021. The revenue decrease was primarily due to the DTH reduction, termination and reductions on contract renewal of certain services, and a decrease in equipment sales to Canadian government customers. Net income…