[Satellite Today 01-16-09] Canadian Satellite Radio Holdingsvreported a 2009 first quarter net loss of $25.2 million, compared to a loss of $12.9 million in the first three months of 2008, the company announced Jan. 15.
Revenues for the quarter increased from $6.5 million to $9.9 million over the same period.
Adjusted operating loss for the quarter narrowed to $2.6 million from $8.4 million in the same period the previous year.
Canadian Satellite Radio Holdings Reports Increased Losses
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Direct-to-device was heralded as a win for mobile network operators as a way to expand their networks without building infrastructure in remote places. Many MNOs have struck partnerships with satellite […]
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