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Telesat Q1 2022 Results.pdf

Transcript-Results-for-the-Quarter-Ended-March-31-2022.pdf
Preview of Telesat Q1 2022 Results
🔗 Source: telesat.com
📊 Size: 232 KB
👤 Author: Owner
⬇️ Downloads: 98

Summary

Telesat Canada reported Q1 2022 financial results, with revenues of $186 million, Adjusted EBITDA of $146 million, and $1.5 billion in cash on the balance sheet. The company had a partial renewal of a contract with DISH Network and entered into a new contract for broadband connectivity for the cruise market, positioning them to deliver on guidance for the year. Telesat's capacity utilization rate was 84% at the end of Q1, with demand for satellite services stronger than last year and a stable pricing environment. The company repurchased $60 million of its senior secured notes and plans to purchase up to an additional $100 million. Telesat Lightspeed, the company's satellite program, is moving forward with a plan for 188 satellites and 10 in-orbit spares, and the company expects to have a better sense of the program's financing by the end of June.

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Description

Telesat Canada reported Q1 2022 financial results, with revenues of $186 million, Adjusted EBITDA of $146 million, and $1.5 billion in cash on the balance...

Technical Information

  • File Format: PDF
  • File Size: 232 KB
  • Pages: 13
  • Language: EN
  • Author: Owner
  • Total Downloads: 98
  • Last Updated: 1 week ago

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