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Telesat Corporation - TSAT STOCK NEWS

Welcome to our dedicated page for Telesat Corporation news (Ticker: TSAT), a resource for investors and traders seeking the latest updates and insights on Telesat Corporation stock.

Telesat Corporation (NASDAQ and TSX: TSAT) is one of the largest and most innovative global satellite operators, providing mission-critical communications services to a diverse range of clients. Based in Canada, Telesat operates a single business segment, offering satellite-based services to broadcast, enterprise, and consulting customers internationally.

Telesat's core operations are centered around its groundbreaking satellite networks, including the Telesat Lightspeed Low Earth Orbit (LEO) constellation. This network, comprising 198 state-of-the-art satellites, is integrated with on-ground infrastructures to deliver high-capacity, low-latency broadband connectivity. Telesat Lightspeed is designed to meet the rigorous requirements of telecom, government, maritime, and aeronautical industries, promising fibre-like speeds and global coverage.

Recently, Telesat has made significant strides in expanding its reach and capabilities. A notable partnership with Mage Networks aims to leverage the Telesat Lightspeed network to bring broadband internet to unserved and underserved communities in Canada. Another collaboration with Avanti Communications will enhance Avanti's multi-orbit broadband services, targeting enterprise and government customers starting from 2027.

In addition, Telesat has entered a multi-year agreement with ThinKom to certify the Ka2517 antenna for its Lightspeed network, ensuring robust inflight connectivity. This collaboration is set to revolutionize airborne broadband, providing airlines and passengers with high-throughput, low-latency communications globally.

Financially, Telesat reported an adjusted EBITDA of $123 million for the recent quarter, although this marks an 11% decrease compared to the previous year. The net income also saw a decline, from $91 million to $39 million. Despite these challenges, Telesat continues to invest in its innovative satellite solutions, aiming to drive profitable growth and maintain its position as a leader in satellite communications.

For more information and updates, follow Telesat on their website, @Telesat on X, or on LinkedIn.

News

Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed

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Telesat (TSAT) announces a C$2.14 billion investment from the Government of Canada for Telesat Lightspeed, with warrants for 10% of common shares based on a US$3 billion equity valuation. The investment aims to support the development of the Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation, creating jobs, fostering innovation, and advancing Canada's presence in the New Space Economy.
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Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2023

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Telesat (TSAT) announces financial results for 2023, highlighting achievements in the Telesat Lightspeed program. The company reported positive financial performance, with Adjusted EBITDA above guidance, high capacity utilization, and a substantial contractual backlog of $1.3 billion. However, revenue declined by 7% in 2023 compared to 2022, primarily due to rate reductions and lower revenue from certain customers. Operating expenses decreased by 21%, leading to a 6% decrease in Adjusted EBITDA for the year. Telesat's net income improved to $583 million from a net loss of $82 million in the prior year. Looking ahead to 2024, the company expects a substantial decrease in Adjusted EBITDA due to revenue reductions and increased operating expenditures related to Telesat Lightspeed development.
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Telesat Fourth Quarter 2023 Earnings Conference Call

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Telesat (TSAT) has announced a conference call to discuss its financial results for the three month and one year periods ended December 31, 2023, hosted by its President and CEO, Daniel S. Goldberg, and CFO, Andrew Browne. The call is scheduled for March 28, 2024, at 10:30 a.m. ET. Dial-in and webcast information is provided for participants.
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ThinKom and Telesat Expand Agreement for Low Earth Orbit Operations

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Telesat and ThinKom Solutions expand partnership to certify ThinAir Ka2517 antenna for Telesat Lightspeed network, providing high-speed, low latency global connectivity for airlines.
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Avanti Communications Signs Strategic Collaboration Agreement With Telesat as Part of New Multi-Orbit Strategy

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Avanti Communications partners with Telesat to enhance its global network with Low Earth Orbit capabilities, aiming to provide affordable broadband connectivity worldwide.
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Telesat Opens Annual Scholarship Programs for Women & Indigenous Students

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Telesat announces scholarship programs to promote diversity in STEM fields, offering $5,000 CAD scholarships to women and Indigenous students, aiming to empower underrepresented groups in science and technology.
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Mage Networks Signs Memorandum of Understanding for Telesat Lightspeed Services

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Telesat (TSAT) and Mage Networks plan to collaborate to expand broadband internet services to unserved and underserved communities in Canada using Telesat Lightspeed LEO satellite services. The partnership aims to provide reliable, redundant, and affordable service to remote areas through a dedicated pool of Telesat Lightspeed rural connectivity capacity. The initiative is expected to bridge the digital divide and achieve universal connectivity for all, offering affordable broadband service plans with at least 50/10 Mbps speeds and unlimited data.
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Telesat Government Solutions Awarded DARPA Space-BACN Phase 2 Contract

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Telesat Government Solutions (TGS) has been awarded the Phase 2 contract of the Defense Advanced Research Projects Agency (DARPA) Space-Based Adaptive Communications Node (Space-BACN) program. The goal of Space-BACN is to create a reconfigurable, multi-protocol intersatellite optical communications terminal that is low in size, weight, power, and cost (SWaP-C), aiming to eliminate stovepipes and 'connect space' to enable the Department of Defense (DoD) joint all-domain command and control initiative. Phase 2 includes a 20-month period of performance to continue evolving the schema for cross-constellation communications developed in Phase 1, emphasizing scalability and increasing the nodes for connectivity while enhancing the schema’s capabilities and efficiency. Philip Harlow, President of Telesat Government Solutions, expressed enthusiasm in advancing the important work with Space-BACN, highlighting the critical need for broad space connectivity across multiple domains as space-based threats increase.
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Telesat Selects Aalyria’s Spacetime for Orchestration of Its Revolutionary Telesat Lightspeed Constellation

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Telesat (NASDAQ and TSX: TSAT) and Aalyria announced an Agreement to deploy Aalyria’s Spacetime next-generation networking technology to organize the efficient flow of customer traffic over the Telesat Lightspeed Low Earth Orbit (LEO) satellite constellation. This will result in better link performance, increased network efficiency, and enhanced flexibility to focus and dynamically deliver reliable capacity to customers. Telesat will use Aalyria’s Spacetime platform for real-time analysis of millions of possible paths, autonomously evolving antenna link scheduling, dynamic network traffic routing, and spectrum resources based on changing network requirements. This partnership aims to achieve the lowest latency, highest availability, and resiliency for meeting the committed information rates and service level agreements for Telesat’s enterprise-class LEO services.
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Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2023

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Telesat, a leading satellite operator, announced its financial results for Q3 2023, reporting a consolidated revenue of $175 million, a decrease of 3% compared to the same period last year. The company achieved high capacity utilization, a substantial contractual backlog of $1.5 billion, and a cash balance of $1.8 billion. Telesat also strengthened its financial position by repurchasing debt, receiving C-band proceeds, and completing in-orbit testing of its LEO 3 satellite. The company's Telesat Lightspeed program, aimed at revolutionizing broadband connectivity, made significant progress with the selection of MDA as the prime satellite contractor and a contract with SpaceX for Falcon 9 rocket launches.
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FAQ

What is the current stock price of Telesat Corporation (TSAT)?

The current stock price of Telesat Corporation (TSAT) is $12.596 as of November 1, 2024.

What is the market cap of Telesat Corporation (TSAT)?

The market cap of Telesat Corporation (TSAT) is approximately 177.0M.

What services does Telesat Corporation provide?

Telesat Corporation offers satellite-based communications services to broadcast, enterprise, and consulting customers globally.

What is Telesat Lightspeed?

Telesat Lightspeed is a Low Earth Orbit satellite network designed to provide high-capacity, low-latency broadband connectivity worldwide.

Where does Telesat derive most of its revenue?

Telesat derives a majority of its revenue from Canada.

What recent partnerships has Telesat entered?

Telesat has partnered with Mage Networks to expand broadband services in Canada and with Avanti Communications to enhance multi-orbit broadband services.

What is the Ka2517 antenna?

The Ka2517 antenna, developed by ThinKom, is set to be certified for Telesat’s Lightspeed network, enhancing inflight connectivity.

How has Telesat's financial performance been recently?

Telesat reported an adjusted EBITDA of $123 million, an 11% decrease from the previous year, with net income falling from $91 million to $39 million.

What industries does Telesat Lightspeed target?

Telesat Lightspeed targets the telecom, government, maritime, and aeronautical industries.

When will Telesat Lightspeed be operational?

Telesat Lightspeed is expected to commence global service availability in 2027.

How can I stay updated with Telesat's developments?

You can follow Telesat on their website, @Telesat on X, or LinkedIn for the latest updates.

What is Telesat's approach to innovation?

Telesat continuously innovates to meet future connectivity demands, focusing on high-capacity, low-latency satellite solutions.

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Telesat Corporation

Nasdaq:TSAT

TSAT Rankings

#3960 Ranked by Market Cap
N/A Ranked by Dividends

TSAT Stock Data

176.98M
13.93M
8.89%
60.04%
0.71%
Communication Equipment
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