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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.
Telesat (NASDAQ and TSX: TSAT) has scheduled a conference call for May 6, 2022, at 10:30 a.m. ET to discuss the financial results for Q1 2022. The call will feature CEO Daniel S. Goldberg and CFO Andrew Browne. A news release with the financial results will be posted on Telesat's website prior to the call. The teleconference is accessible via a toll-free number and a live webcast will also be available. Additionally, a replay option will be provided for those who cannot attend.
Telesat Government Solutions has received a Facility Clearance (FCL) from the Defense Counterintelligence and Security Agency, enabling direct engagement with the U.S. Government. This approval will enhance the company's ability to deliver advanced connectivity solutions for national security missions. The company has also formed a highly experienced Board of Directors, including industry veterans such as Scott Webster and Lieutenant General Michael A. Hamel, to oversee its operations. Telesat aims to leverage its LEO satellite network to meet the complex communication needs of the government 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.
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