Welcome to our dedicated page for TELESAT news (Ticker: TSAT), a resource for investors and traders seeking the latest updates and insights on TELESAT stock.
Telesat Corp (TSAT) is a global leader in satellite communications, providing mission-critical connectivity solutions across broadcast, enterprise, and government sectors. This page serves as the definitive source for official news and updates directly from Telesat and trusted industry sources.
Investors and stakeholders will find curated announcements including quarterly earnings, technology developments like the Telesat Lightspeed LEO network, and strategic partnerships shaping the future of global connectivity. Our collection spans operational updates, regulatory milestones, and service expansions essential for informed decision-making.
All content is rigorously verified to ensure accuracy, with a focus on Telesat’s core operations in satellite fleet management, government contracts, and next-generation broadband solutions. Bookmark this page to track the company’s progress in advancing reliable communications infrastructure across remote and demanding environments worldwide.
Telesat Government Solutions, a subsidiary of Telesat (Nasdaq and TSX: TSAT), has appointed Ronald Thompson Jr. as Vice President of Government Solutions Growth. Thompson, a retired U.S. Air Force Colonel with 26 years of service, will serve as chief growth officer leading business development strategies for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network.
Thompson brings nearly four decades of experience, including recent roles as VP of Business Development at LinQuest Corp and senior positions at Raytheon Intelligence & Space, SSL Federal, and other industry leaders. His appointment aims to expand government user adoption of Telesat's LEO SATCOM solutions across military, intelligence, and civil agencies.
Chuck Cynamon, President of Telesat Government Solutions, highlighted Thompson's expertise in delivering mission-critical solutions to government partners. Thompson expressed commitment to advancing the adoption of strategic communication systems among U.S. government and Allies.
Telesat (TSAT) has secured a significant multi-year contract with Viasat Inc. for its Telesat Lightspeed Low Earth Orbit (LEO) services. Viasat will integrate Telesat Lightspeed into its services portfolio for aviation, maritime, enterprise, and defense markets.
The thousands of aircraft equipped with Viasat GM-40 antennas will be able to access the Telesat Lightspeed network when global services launch in late 2027. The system will provide high-speed, low-latency broadband globally, including polar regions, with enterprise-grade Service Level Agreements (SLAs).
The network features advanced cybersecurity standards with Zero-Trust Network Access architecture and is built to telecom Carrier Ethernet standards for seamless integration.
Telesat (NASDAQ/TSX: TSAT) reported its financial results for Q4 and FY2024, showing significant challenges ahead. Revenue for 2024 declined 19% to C$571 million, while Adjusted EBITDA decreased 28% to C$384 million. The company posted a net loss of C$302 million for 2024.
Key developments include securing C$2.54 billion in loan financing from Canadian and Quebec governments for the Telesat Lightspeed LEO satellite program, and successful completion of its Preliminary Design Review. The company maintains a GEO backlog of C$1.1 billion with 72% fleet utilization.
For 2025, Telesat projects revenue between C$405-425 million and Adjusted EBITDA of C$170-190 million, representing a 53% decline at midpoint. This outlook reflects reduced revenues from North American DTH customers, maritime markets, and increased LEO operating expenses. CFO Andrew Browne announced plans to retire later in 2025.
Telesat (NASDAQ/TSX: TSAT) and ADN Telecom have entered into a multi-year partnership agreement to deliver Telesat Lightspeed low earth orbit (LEO) connectivity solutions across Bangladesh and South Asia. The partnership will enable ADN Telecom to leverage Telesat's Smart Virtual Network Operator capability to provide connectivity solutions for enterprise, maritime, and government customers.
The fully funded Telesat Lightspeed constellation will begin satellite launches in the second half of 2026, with ADN Telecom commencing full-time services in late 2027. The service will feature industry-leading committed information rates and guaranteed SLAs. ADN Telecom will participate in early field trial testing of the services.
The MEF 3.0 standards-based LEO services will integrate with ADN's terrestrial network to expand their service reach in Bangladesh and internationally. Both companies will collaborate to secure local regulatory approvals for Telesat Lightspeed services in Bangladesh.
Telesat (NASDAQ and TSX: TSAT), a leading satellite operator, has announced its upcoming fourth quarter and full year 2024 earnings conference call scheduled for March 27, 2025, at 10:30 a.m. EDT. The call will feature President and CEO Daniel S. Goldberg and CFO Andrew Browne discussing the company's financial results for the three and twelve-month periods ended December 31, 2024.
Financial results will be released on Telesat's website prior to the call. Investors can participate via toll-free number (+1 800 952 5114) or international dial-in (+1 416 406 0743) using access code 1687079#. A webcast option is available, and a replay will be accessible until April 10, 2025.
Telesat (NASDAQ and TSX: TSAT) and Space Norway have signed a Term Sheet for Telesat Lightspeed Low Earth Orbit (LEO) connectivity services. Space Norway will integrate a multi-Gbps Telesat Lightspeed capacity pool to provide secure, low-latency connectivity for defense, enterprise, maritime and land customers.
The agreement features Committed Information Rates (CIR) and Service Level Agreement (SLA), offering Space Norway flexibility to customize service offerings and modify online services through their infrastructure. The Telesat Lightspeed network, built with Zero-Trust Architecture and strict cybersecurity standards, will provide resilient communications throughout the Arctic region and EMEA.
The parties anticipate finalizing definitive agreements by the second half of 2025.
Orange and Telesat (TSAT) have announced a strategic commercial partnership to enhance satellite connectivity services. The agreement includes hosting a Telesat Lightspeed Landing Station at Orange's teleport in Bercenay-en-Othe, France, with ground connectivity to Paris. Orange has committed to integrating Telesat Lightspeed LEO service into its global portfolio for businesses and telecom operators.
The partnership leverages Orange's WTA Tier-4 certified Teleport infrastructure across 26 countries and Telesat's advanced satellite technology. Telesat Lightspeed will provide Carrier Ethernet services with real-time configuration capabilities, Zero-Trust Security Architecture, and service level agreements. This collaboration aims to strengthen global digital infrastructure and improve connectivity in remote areas across Europe, Africa, and other worldwide locations.
Telesat (NASDAQ: TSAT) has signed a development contract with QEST for a Telesat Lightspeed Aero Flat Panel Antenna (FPA) designed for commercial aviation. QEST will extend their patented FPA technology for Telesat Lightspeed, developing transmit and receive antenna apertures, RF components, and the antenna control unit.
The QEST-designed antenna is expected to deliver data rates exceeding 1 Gbps on the Telesat Lightspeed network, featuring high reliability with low power consumption and no active cooling requirements. The partnership aims to provide LEO-optimized solutions and multi-network/multi-orbit operations, offering increased flexibility for inflight connectivity service providers.
Telesat (NASDAQ/TSX: TSAT) and Intellian have announced a partnership for the development of Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation. The terminals will serve multiple markets including fixed enterprise applications, wireless backhaul, government, land mobility, and maritime connectivity.
The collaboration leverages Intellian's expertise in Active Electronically Scanning Arrays (AESA) technology. The terminals will feature small form factor flat panels with minimal weight and power consumption, manufactured at Intellian's state-of-the-art campus. This agreement expands upon previous collaborations between the companies, which included contracts for parabolic reference terminals and Gateway Antenna System programs.
Telesat (NASDAQ and TSX: TSAT) announced key executive leadership changes. Michel Forest will become the new Chief Technology Officer (CTO) following David Wendling's retirement at the end of February 2025. Forest, previously Telesat's Vice President of LEO System Engineering, will oversee satellite operations, engineering, and program management. He has led the Telesat Lightspeed constellation's architecture and performance.
Forest succeeds Wendling, who has been with Telesat for nearly 40 years, driving technical innovation and achieving industry firsts. Wendling has been instrumental in the design of Telesat Lightspeed.
Asit Tandon joins as Chief Network and Information Officer, bringing extensive experience from roles at Rogers Communications, Hutchison-3 Indonesia, Bharti Airtel, and Siemens. Tandon will manage the terrestrial elements of the Telesat Lightspeed network, including network operations and IT systems. Tandon's expertise is expected to support Telesat's growth and operational excellence in the global broadband connectivity market.
