Bell TV has a lifetime lease on a new satellite from Telesat to support its delivery of high definition TV signals across Canada.
Telesat, the Ottawa-based fixed satellite services operator, says it will get the new direct broadcast satellite, called Nimiq 6, from prime contractor Space Systems/Loral (SS/L).
SS/L is designing and building the satellite and supplying its payload of 32 high powered Ku-band transponders. Nimiq 6 has a planned 15 year mission life.
“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,” Dan Goldberg, Telesat’s President and CEO, said in a release. “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.”
Telesat has a global fleet of 12 satellites, with two more under construction, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc.