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/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.
Telesat (NASDAQ and TSX: TSAT) has appointed Charles 'Chuck' Cynamon as the new President of Telesat Government Solutions, a subsidiary focused on providing satellite solutions to U.S. Government sectors. Cynamon brings over 24 years of U.S. Air Force experience and a decade in space and satellite enterprises, most recently serving as Senior Vice President at LinQuest
Prior to joining Telesat, Cynamon held leadership positions at MacDonald Dettwiler & Associates Information Systems and Hughes Network Systems. The appointment aims to accelerate the integration of Telesat Lightspeed capabilities with U.S. government customers. The Telesat Lightspeed constellation is designed as a self-healing, space relay network with high cybersecurity ratings under the U.S. Space Force IA-Pre Program, offering interoperable and optically-linked connectivity solutions worldwide.
Telesat and MDA Space have successfully completed the spacecraft Preliminary Design Review (PDR) for the Telesat Lightspeed low Earth orbit constellation program. This milestone validates the satellite design's capability to meet performance requirements. The project involves an initial order of 198 satellites powered by MDA's AURORA digital satellite technology.
The companies are now moving forward with detailed engineering and manufacturing, including the Critical Design Review. MDA Space is constructing a new high-volume satellite manufacturing facility in Montreal to double its production capacity, where the Telesat Lightspeed satellites will be manufactured. Satellite launches are planned to begin in 2026.
Telesat reported Q3 2024 financial results with consolidated revenue of $138 million, a 20.9% decrease from 2023. The company achieved an 80% Adjusted EBITDA margin in its GEO segment with a $1.0 billion contractual backlog. Net income was $68 million compared to a $4 million loss in Q3 2023. The company secured funding agreements with Canadian and Quebec governments totaling $2.54 billion for its Telesat Lightspeed LEO constellation project. For 2024, Telesat expects revenues between $545-565 million and Adjusted EBITDA between $340-360 million.
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