Telesat Corporation (NASDAQ:TSAT) Q1 2024 Earnings Call Transcript

And we’re going to see a meaningful reduction in the amount of revenue that we recognize from Nimiq-5 post renewal date in October. But whether they renew all of it some of it or not of it on. It’s still not clear to us at this point in time. And we’ve got a great relationship with EchoStar. We’ve worked with them for it years. We know that Nimiq-5 is being used to distribute content today that their subscriber base. We know that they do have a lot of other things that they’re focused on and saving cash is pretty high on that list. So anyway, all the say that, yes, we’ll give an update once we have won. But right now, we don’t have an update from the call that we had just six weeks ago.

Operator: Thank you. At this time we will turn the call back over to Mr. Gober. Please go ahead.

Daniel Goldberg: Well, operator, thank you very much and everyone. Thank you for joining us this morning, and we look forward to chatting with you when we release our Q2 results. So thank you all, and have a nice weekend.

Operator: Thank you. The conference has now ended. Please disconnect your lines at this time, and we thank you for your participation.