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Telesat, a leading satellite operator, reported financial results for the quarter ended March 31, 2024. Despite a decrease in revenue, the company maintained high capacity utilization and a substantial contractual backlog. Telesat aims to maximize geostationary activities and accelerate the Telesat Lightspeed program, offering growth opportunities. The company reported a net loss due to foreign exchange issues but remains on track to meet its 2024 guidance.
Telesat, a leading satellite operator, will host a conference call on May 10, 2024, to discuss its financial results for the first quarter of 2024. The call will be led by top executives and the financial information will be available on their website. Investors can join the call via phone or webcast, with a replay option available afterwards.