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 (TSAT) is described in its public communications as one of the largest global satellite operators, with shares listed on Nasdaq and the Toronto Stock Exchange. The TSAT news page on Stock Titan aggregates company-specific announcements and third-party coverage so readers can follow developments in Telesat’s satellite telecommunications business.
Recent Telesat news releases highlight several themes. The company regularly reports quarterly and year-to-date financial results, including revenue trends, operating expenses, adjusted EBITDA, net income or loss, contracted GEO and LEO backlog, and fleet utilization. These earnings updates provide insight into the performance of its geostationary satellite fleet and the progress of the Telesat Lightspeed Low Earth Orbit program.
Telesat also issues news on strategic partnerships and projects. Examples include a strategic partnership with the Government of Canada and MDA Space to develop an Arctic military satellite communications capability for the Canadian Armed Forces, the acquisition of land in Timmins, Ontario, for a Lightspeed Landing Station, and expanded relationships with partners such as Calian Group Ltd. and Farcast to support the Lightspeed Operational Data Platform and User Terminals. These announcements show how Telesat applies its satellite capabilities to defence, government, enterprise, aviation, maritime and rural broadband use cases.
In addition, corporate and governance updates appear in the news flow, such as the appointment of a new Chief Financial Officer and notices of upcoming earnings conference calls. Investors and observers who follow TSAT news can use this page to review historical announcements, monitor the evolution of the Telesat Lightspeed program, and track how Telesat positions itself within the satellite telecommunications sector.
Telesat (NASDAQ: TSAT) released its financial results for the year ended December 31, 2021, reporting total revenue of $758 million, an 8% decrease from 2020. Adjusted EBITDA also fell by 8% to $603 million. Operating expenses increased to $234 million, primarily due to higher wages and non-cash share-based compensation. Despite these declines, Telesat ended the year with over $1.4 billion in cash and a backlog of $2.1 billion. For 2022, revenues are anticipated between $720 million and $740 million, with Adjusted EBITDA expected to be between $525 million and $545 million.
Telesat (NASDAQ and TSX: TSAT) will hold a conference call on March 18, 2022, at 10:30 a.m. ET to discuss its financial results for the year ending December 31, 2021. The call will feature President & CEO Daniel S. Goldberg and CFO Andrew Browne. A financial results release will be available on its website prior to the call. Participants can join via a toll-free number or a live webcast. Telesat is known for its innovative solutions in satellite operations, focusing on providing connectivity through the upcoming Telesat Lightspeed LEO network.
Telesat (NASDAQ and TSX: TSAT) has partnered with Intellian to develop reference enterprise user terminals for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network. These terminals will provide reliable, high throughput access for enterprise, telecom, and government customers, including the Government of Canada. Intellian's dual-parabolic antenna technology aims for seamless satellite handovers, ensuring high data rates and robust performance. Telesat's LEO network is designed to meet the rigorous demands of various sectors, delivering affordable, high-capacity connectivity with fiber-like speeds.
Telesat (NASDAQ and TSX: TSAT) and Liquid Intelligent Technologies have announced a strategic cooperation agreement to enhance Telesat Lightspeed Low Earth Orbit (LEO) satellite services in Africa. This partnership aims to integrate Telesat's high-throughput satellite network with Liquid's extensive value-added services, promoting enterprise offerings such as cloud services and managed security. The collaboration is expected to strengthen connectivity solutions across Africa, leveraging Liquid's terrestrial infrastructure and Telesat's satellite capabilities.
New Agreement between Anuvu and Telesat establishes a substantial partnership, providing Anuvu with 10 gigabits of Ka-band capacity, the largest to date in its Bridge to LEO strategy. This capacity enhances connectivity across the Southeastern US, Caribbean, Gulf of Mexico, and Central America, supporting Anuvu's global multi-band operations. The agreement positions Anuvu for an advanced hybrid network model, integrating current GEO technology with future LEO capabilities. Both companies emphasize the importance of this collaboration in revolutionizing mobile connectivity.
Telesat (NASDAQ and TSX: TSAT) and Cobham SATCOM have entered an agreement to deploy Cobham's high-performance 3-axis TRACKER 4000 terminals for the Telesat Lightspeed Landing Station network. Cobham will manufacture and install tracking antennas globally, ensuring reliable connectivity in adverse weather conditions. This collaboration supports Telesat's objective of delivering enterprise-grade connectivity while reducing carbon emissions. The system will provide 15 Tbps of global network capacity, enhancing satellite performance for various sectors.
Telesat (NASDAQ and TSX: TSAT) has partnered with ENCQOR 5G to enhance Canada’s telecommunications sector. This collaboration aims to accelerate 5G technology development, fostering economic growth and expanding internet connectivity nationwide. By utilizing the ENCQOR testbed and Telesat's satellite assets, the partnership will focus on improving 5G access, particularly in rural areas. ENCQOR 5G, launched in 2017, has established a network for R&D jobs and collaboration among various sectors, aiming to create innovative products and services in the biotechnology space.
Telesat has entered a contract with SatixFy to deploy advanced baseband modem equipment for its Lightspeed gateway stations globally. The Sx3099 modem will process up to 1.6 GHz bandwidth, supporting ten wideband carriers with high throughput capabilities. This contract follows a successful early access program that validated the modem's performance. Telesat aims to optimize landing station size and reduce operational costs through this partnership, enhancing its LEO satellite network capabilities.