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 Corporation reports on satellite communications operations built around its GEO services business and the Telesat Lightspeed Low Earth Orbit program. Company updates commonly cover IFRS financial results, GEO revenue and cost trends, and development work on the Lightspeed constellation, including satellites, user terminals, network software, satellite operations software and ground station deployments.
News also covers customer and partnership activity for broadband, government, defence, maritime and aeronautical connectivity. Recurring themes include Telesat Lightspeed service contracts, military Ka-band capability, strategic cooperation agreements, debt refinancing discussions, and legal matters tied to legacy GEO debt and corporate financing structure.
Telesat (Nasdaq/TSX: TSAT) reported Q1 2026 consolidated revenue of C$87M (down 25% year-over-year) and adjusted EBITDA of C$35M (down 48%). Net loss was C$151M, driven by lower revenue and a non-cash goodwill impairment. Telesat has invested ~C$2.7B in Telesat Lightspeed to date and spent C$171M on the program in Q1. The company reiterated 2026 guidance: GEO revenue C$300–320M, GEO adjusted EBITDA C$210–230M (ex refinancing costs), and Lightspeed spending C$1.0–1.2B for 2026. Backlog: GEO ~C$800M, LEO ~C$1.1B; GEO utilization 55%.
Telesat (Nasdaq and TSX: TSAT) scheduled an earnings conference call for Tuesday, May 5, 2026 at 10:30 a.m. EDT to discuss results for the three months ended March 31, 2026. A news release with financial results will be posted beforehand under the Investors “Investor News” tab.
Dial-in, international numbers, access code, webcast link, and replay details are provided; webcast replay and teleconference audio replay will be archived on the company website and available through May 19, 2026.
Telesat (Nasdaq and TSX: TSAT) and Northwestel signed a multi-year contract on April 2, 2026 to use Telesat Lightspeed LEO satellite services to deliver low-latency, sovereign broadband across Northern Canada.
Northwestel will offer plans of at least 50 Mbps down / 10 Mbps up with unlimited monthly usage, using the Government of Canada’s Telesat Lightspeed capacity pool to serve remote communities where fibre is unavailable.
Telesat (Nasdaq and TSX: TSAT) reported 2025 consolidated revenue of $418 million, down 27% year-over-year, and a net loss of $530 million. Adjusted EBITDA declined to $213 million. Capital spending on Lightspeed totaled $708 million in 2025; 2026 Lightspeed spending is forecast at $1.0–1.2 billion. GEO 2026 revenue guidance is $300–320 million with GEO Adjusted EBITDA guidance of $210–230 million. Key commercial milestones include a SHIELD award, a Viasat multi‑year agreement, a Hanwha MoU, and reallocation of Lightspeed capacity to Mil‑Ka.
Telesat (Nasdaq/TSX: TSAT) will add 500 MHz of military Ka‑band (Mil‑Ka) to the initial 156 satellites in the Telesat Lightspeed constellation to meet growing allied defence demand. The Mil‑Ka replaces 500 MHz of commercial Ka on user links without impacting gateways, and launches begin with two production satellites in December 2026.
The change is described as schedulable with only a modest program cost impact and is aimed at providing interoperable, persistent global LEO Mil‑Ka capacity, including Arctic coverage, for allied defence and sovereignty requirements.
Telesat (Nasdaq and TSX: TSAT) will host a conference call on March 17, 2026 at 10:30 a.m. EDT to discuss financial results for the three and twelve months ended December 31, 2025. A news release with results will be posted beforehand on the Investors section of the company website.
Access via toll-free and international dial-ins, a live webcast, and archived replay are provided; replay available until March 31, 2026.
Telesat (NASDAQ and TSX: TSAT) announced acquisition of land in Estevan, Saskatchewan and Papineauville, Quebec, plus a land lease in Shaunavon, Saskatchewan, to build new landing stations for its Telesat Lightspeed LEO network.
Sites will connect satellites to fibre and internet exchanges, improve resiliency, support sovereign digital services, and are timed ahead of a planned first satellite launch in December 2026. Quebec completion is expected Q3 2026; Saskatchewan sites by year-end 2026.
Telesat (TSAT) and Hanwha Systems signed a memorandum of understanding on Jan 26, 2026 to collaborate on next‑generation sovereign LEO satellite connectivity, user terminals compatible with Telesat Lightspeed, and advanced maritime platforms.
The MoU aligns with a Canada–Korea initiative on commercial LEO communications and notes exploration of Korea’s K‑LEO constellation, defense user terminals interoperable with K‑LEO and Lightspeed, and cooperation on the Canadian Patrol Submarine Project where Hanwha plans to include multi‑year Telesat Lightspeed services in its bid.
Telesat (Nasdaq and TSX: TSAT) confirmed that certain creditors holding portions of legacy GEO debt filed lawsuits in New York and Ontario over the September 2025 equity distribution of the Telesat Lightspeed business. Telesat says the suits are without merit, that the distribution followed governance and relevant debt agreements, and that it will defend itself vigorously while continuing to support customers and the Lightspeed program.
Telesat (NASDAQ and TSX: TSAT) announced a strategic partnership with the Government of Canada and MDA Space to deliver a multi-frequency Arctic military satellite communications capability under the Enhanced Satellite Communications Project – Polar (ESCP-P) on December 9, 2025.
The ESCP-P is described as a multi-billion dollar investment, led by the Defence Investment Agency using a strategic partner model, applying Canada’s Industrial and Technological Benefits (ITB) Policy, and intended to strengthen Arctic sovereignty while supporting NORAD and NATO commitments.