Telesat Q3 down 6%; no Lightspeed update

Ottawa-based satellite operator Telesat reported its quarterly and 9-months trading for the period to September 30th. CEO Dan Goldberg told analysts: “In the quarter we progressed discussions with our suppliers and financing sources on Telesat Lightspeed, our revolutionary planned Low Earth Orbit satellite constellation. We continue to believe that we will have greater clarity on the financing of the programme around year end and that Telesat Lightspeed represents a transformative growth opportunity for the company and a highly compelling value proposition for the communications enterprise user community.”

Source: Telesat Q3 down 6%; no Lightspeed update