Telesat’s Steady Path with Lightspeed and Financials

Telesat's Financial Health and Strategic Moves in 2023

Telesat, a global satellite operator, recently unveiled its second-quarter financial results, demonstrating a solid performance amidst strategic advancements. The company reported consolidated revenues of $152 million, alongside an adjusted EBITDA of $103 million. These figures highlight Telesat's robust financial health, further evidenced by the $66 million in cash generated from operations during the first half of the year, concluding Q2 with a strong cash reserve of $1.4 billion.