LA PLATA, Maryland — Satellite fleet operator Telesat reported double-digit declines in revenue and adjusted EBITDA for the three months ending March 31 and said the degradation of its geostationary-satellite business is yet another sign that it needs to bring its 198-satellite Lightspeed broadband constellation into service as quickly as possible.
Telesat has secured final approval of its funding from the Government of Canada and Québec, plus vendor financing, for Lightspeed, and will spend around 1.2 billion Canadian dollars ($875 million) this year . . .
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