PdW: It has had no effect. The result: Loral’s currency hedge permitted the company to realize a gain of $123 million, and reduced Telesat’s need to borrow $225 million.Loral said the net effect is that much of its cash outlay was covered by the currency gains, despite the fact that Telesat, in U.S. dollar terms, is 16 percent more valuable now than it was when the sale was announced.The new Telesat operates a fleet of 12 telecommunications satellites, with three on order.In its last financial announcement in its previous configuration, Telesat reported Oct. 30 an 18 percent increase in revenue for the first nine months of this year, and a nearly 8 percent increase in net profit, following the entry into service of a new satellite with EchoStar as an anchor customer, Telesat announced Oct. 30.Telesat reported 413.4 million Canadian dollars in revenue for the nine months ending Sept. 30 compared to the same period a year ago. “There is almost no duplication in the two companies’ customer sets. Loral owns 62.7 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. SES and Telesat Respond to FCC Adoption of C-band Report and Order Press Release • Feb 28, 2020 Loral Space & Communications Inc (LORL) Q4 2019 Earnings Call Transcript Loral Space & Communications Inc. is a satellite communications company headed by Michael B. Targoff and incorporated in Delaware.The company was formed in 1996 from the remnants of Loral Corporation when Loral divested its defense electronics and system integration businesses to Lockheed Martin for $9.1 billion. I have been with Telesat Canada a merger acquisition of Loral Space and Communications/Loral Skynet for nearly 14 years. In 2006, Bernard L. Schwartz retired after leading the company for … Flaherty holds a Masters of Business Administration from Queen’s University as well as a Bachelor of Arts, major in Economics from Carleton University. Skynet’s fleet consists of Telstars-11N, -12, -14R(Estrela do Sul 2), and -18. Loral Skynet provided a wide range of video and data transmission services.

(As Loral Skynet, prior to Telesat merger,) integrated and restructured intra-regional satellite services and global networking businesses with sister company, Loral Cyberstar. For more information, visit Loral's web site at www.loral.com. Telesat has sold the satellite’s capacity to Canadian satellite-television broadcaster ExpressVu. All 32 Ku-band transponders on the spacecraft have been leased to U.S. satellite-television provider EchoStar Communications Corp. for the satellites full 15-year service life.Another contributing factor has been Telesat’s use of the DirecTV 1 satellite, renamed Nimiq 4iR, which was leased from DirecTV Group of El Segundo, Calif., earlier this year.

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