Canadian satellite operator Telesat Holdings Inc. reported Thursday that it saw higher revenue and lower losses in the first quarter compared to a year earlier. The company said in a press release that revenue was up 11 per cent to $242 million in the three months ended March 31. It attributed much of the gain in revenue from services sold on the Anik G satellite, which went into commercial operation in May last year. That, it said, was offset by lower broadcast revenue from its Nimiq 2 satellite and lower equipment sales. It also said exchange-rate fluctuations between the Canadian and U.S. dollar worked out in its favour, and its revenue gain worked out to seven per cent with that effect factored out. Telesat said it had a net loss of $28 million in the quarter, down from $97 million a year earlier.