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OTTAWA, CANADA, December 30, 2009 – Telesat, the world’s fourth largest fixed satellite services operator, announced today its decision to procure a new direct broadcast satellite called Nimiq 6 from Space Systems/Loral (SS/L). As announced by Telesat September 17, 2009, Bell TV has agreed to fully lease this new satellite for its lifetime to serve the fast-growing number of Bell TV subscribers across Canada.
“I’m very pleased that Telesat has ordered a new, state-of-the-art satellite for our largest customer, Bell TV, enhancing Bell’s ability to deliver advanced High Definition TV and other video services for their subscribers throughout Canada,” said Dan Goldberg, Telesat’s President and CEO. “SS/L was selected to build Nimiq 6 following a competitive procurement process as they offered the best combination of technology, cost and schedule. Nimiq 6 will result in meaningful incremental revenue and EBITDA for Telesat and, given that Bell TV has leased all of the satellite’s capacity for its expected lifetime, it significantly increases Telesat’s already industry leading contractual backlog to revenue ratio.”
SS/L is the leading provider of commercial satellites and will be the prime contractor for Nimiq 6, designing and building the satellite and supplying its payload of 32 high powered Ku-band transponders. Nimiq 6 will utilize the proven SS/L1300 platform and has a planned 15 year mission life.
-Mike
“I’m very pleased that Telesat has ordered a new, state-of-the-art satellite for our largest customer, Bell TV, enhancing Bell’s ability to deliver advanced High Definition TV and other video services for their subscribers throughout Canada,” said Dan Goldberg, Telesat’s President and CEO. “SS/L was selected to build Nimiq 6 following a competitive procurement process as they offered the best combination of technology, cost and schedule. Nimiq 6 will result in meaningful incremental revenue and EBITDA for Telesat and, given that Bell TV has leased all of the satellite’s capacity for its expected lifetime, it significantly increases Telesat’s already industry leading contractual backlog to revenue ratio.”
SS/L is the leading provider of commercial satellites and will be the prime contractor for Nimiq 6, designing and building the satellite and supplying its payload of 32 high powered Ku-band transponders. Nimiq 6 will utilize the proven SS/L1300 platform and has a planned 15 year mission life.
-Mike