Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2023
We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.
- We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.
- For the quarter ended December 31, 2023, Telesat reported consolidated revenue of $166 million, a decrease of 20% ($41 million) compared to the same period in 2022.
- An amount of $344.9 million (US$259.6 million) was recognized during the three months ended June 30, 2023, and was recorded under other operating gains (losses), net and the payment was received in the three months ended September 30, 2023.
- ET to discuss its financial results for the three months and one year periods ended December 31, 2023.