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
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
none
-
Rhea-AI Summary
Telesat, a leading satellite operator, has scheduled a conference call to discuss its financial results for Q1 2023. The call will be hosted by the company's CEO and CFO, and a news release will be posted on the website. Dial-in instructions and webcast details are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.47%
Tags
-
Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) reported its financial results for the year ended December 31, 2022, with total revenue at $759 million, stable year-over-year. Adjusted EBITDA was $568 million, a 5% decline, yielding a margin of 74.8%. The company recorded a net loss of $80 million, significantly down from a net income of $155 million in 2021, primarily due to unfavorable foreign exchange effects and C-band spectrum costs. Despite the challenges, Telesat closed 2022 with $1.7 billion in cash and a substantial backlog of $1.8 billion.

Looking ahead, Telesat anticipates 2023 revenue between $690 million and $710 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.38%
Tags
none
Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) has announced a conference call scheduled for March 29, 2023, at 10:30 a.m. ET to discuss its financial results for the fiscal year ending December 31, 2022. The call will be led by President and CEO Daniel S. Goldberg and CFO Andrew Browne. Prior to the call, Telesat will release its financial results on its website under the 'Investors' section. Interested parties can join the call via a toll-free number or through a live webcast. A replay will be available shortly after the call until April 12, 2023. Telesat continues to innovate in satellite connectivity solutions, particularly with its Telesat Lightspeed LEO satellite network.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags

FAQ

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

The current stock price of Telesat Corporation (TSAT) is $17.23 as of December 20, 2024.

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

The market cap of Telesat Corporation (TSAT) is approximately 234.7M.

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

234.68M
12.44M
8.89%
191.37%
1.12%
Communication Equipment
Technology
Link
United States of America
Ottawa