STOCK TITAN

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.

Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) has selected Calian Group (TSX:CGY) to design, develop, and deploy the Element Management System (EMS) for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network. The EMS will be important in connecting and maintaining operations for various components within the network, ensuring optimal performance. Telesat will use the EMS to manage the configuration of Lightspeed Landing Stations, User Terminals, and satellite onboard processors, as well as collect and share system data with Operations Support Systems and Network Operations Centers.

The Telesat Lightspeed constellation aims to offer high-speed, low-latency broadband connectivity to remote locations globally, supporting multi-Gbps data rates for various industries and helping bridge the digital divide. This project, the largest space program in Canada's history, is expected to create thousands of high-quality Canadian jobs and position Canada at the forefront of the New Space Economy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.72%
Tags
none
-
Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) reported its Q2 2024 financial results, showing a 15% decrease in revenue to $152 million compared to the same period in 2023. The company's Adjusted EBITDA decreased by 25% to $103 million, with a margin of 67.8%. Despite these declines, Telesat maintains a strong cash balance of $1.4 billion and a contractual backlog of $1.1 billion. The company is progressing with its Telesat Lightspeed project, a Low Earth Orbit global broadband constellation. Telesat has also been actively repurchasing debt, having bought back a cumulative principal amount of US$849 million for US$458.9 million. The company reaffirmed its 2024 financial outlook, expecting revenues between $545-565 million and Adjusted EBITDA between $340-360 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT), a leading satellite operator, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Wednesday, August 14, 2024, at 10:30 a.m. ET. Hosted by President and CEO Daniel S. Goldberg and CFO Andrew Browne, the call will discuss Telesat's financial results for the three and six-month periods ending June 30, 2024.

Investors can access the call via toll-free number +1 800 806 5484 (North America) or +1 416 340 2217 (outside North America) using access code 6484355#. A webcast will also be available at https://edge.media-server.com/mmc/p/ytrh4nae. Financial results will be posted on Telesat's website prior to the call. A replay will be accessible until August 28, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
conferences earnings
Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) announced the results of its 2024 Annual General and Special Meeting of Shareholders, held virtually on June 19, 2024. Shareholders voted in favor of all business items, including the appointment of Deloitte LLP as auditors, amendments to the Omnibus Plan to increase available Class A Common and Class B Variable Voting Shares, and the election of director nominees. Key voting results include Michael Boychuk with 46,931,389 votes for and 3,845,516 votes withheld, Jane Craighead with 43,711,535 votes for and 7,069,540 votes withheld, and Daniel S. Goldberg with the highest votes at 49,459,604 for and 1,317,331 votes withheld. Full voting results will be filed on SEDAR+ and EDGAR.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
none
-
Rhea-AI Summary

Telesat, a leading satellite operator, reported financial results for the quarter ended March 31, 2024. Despite a decrease in revenue, the company maintained high capacity utilization and a substantial contractual backlog. Telesat aims to maximize geostationary activities and accelerate the Telesat Lightspeed program, offering growth opportunities. The company reported a net loss due to foreign exchange issues but remains on track to meet its 2024 guidance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
none
-
Rhea-AI Summary

Telesat, a leading satellite operator, will host a conference call on May 10, 2024, to discuss its financial results for the first quarter of 2024. The call will be led by top executives and the financial information will be available on their website. Investors can join the call via phone or webcast, with a replay option available afterwards.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.49%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
Rhea-AI Summary
Telesat and ThinKom Solutions expand partnership to certify ThinAir Ka2517 antenna for Telesat Lightspeed network, providing high-speed, low latency global connectivity for airlines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
none

FAQ

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

The current stock price of Telesat Corporation (TSAT) is $18.91 as of January 6, 2025.

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

The market cap of Telesat Corporation (TSAT) is approximately 250.3M.

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.
Telesat Corporation

Nasdaq:TSAT

TSAT Rankings

TSAT Stock Data

250.28M
12.37M
8.89%
191.37%
1.12%
Communication Equipment
Technology
Link
United States of America
Ottawa