Telesat Corp (TSAT) Telesat Corporation stands as a leading satellite operator, dedicated to providing essential communication solutions to a diverse global clientele, encompassing broadcast, enterprise, and consulting sectors. Its advanced satellite infrastructure empowers direct-to-home (DTH) service providers to broadcast television programming, audio content, and information channels directly to residential customers. Additionally, it facilitates the transmission of programming for broadcasters, cable networks, and other DTH providers. Beyond core transmission, Telesat offers a comprehensive suite of value-added capabilities. These include crucial satellite capacity, digital encoding for video channels, authorization services, and both uplinking and downlinking operations. The company also furnishes on-demand services for broadcasting breaking news, major sports events, and live coverage. Telesat's extensive offerings extend to telecommunications carriers and network services integrators, providing both satellite capacity and end-to-end solutions. These encompass space segment services and ground facilities designed to support enterprise connectivity, internet and cellular backhaul, and rural telephony initiatives. The company further delivers broadband communication services tailored for the maritime and aeronautical industries, serving commercial aircraft and vessels. It also supplies satellite services to government entities, including the U.S. government (via service integrators) and the Canadian government, and directly provides broadband services to consumers. The corporation operates sophisticated satellite and hybrid satellite/terrestrial networks, and it develops specialized communication services for industries such as oil and gas, and mining. Furthermore, Telesat provides expert satellite operator services and offers consulting across a range of domains, including space and earth segments, government studies, satellite control, and research and development. Telesat primarily engages its clients through a dedicated direct sales force. As of December 31, 2021, its operational assets included a constellation of 14 in-orbit geostationary satellites and a Canadian payload integrated into the ViaSat-1 satellite. The company was established in 1969 and maintains its corporate headquarters in Ottawa, Canada.
Sector: Communications Services, NEC
Industry: Telecommunications Services
Telesat Corporation NASDAQ:TSAT Communication Services · Telecommunications Services
Prev close $41.79 +1.70%Open $42.50 +2.73%Now $43.66 VOL 19K $ Vol $805K RVOL 0.08x
Mkt Cap $668.67M
VOL 19K sh
$ Vol $805K
RVOL 0.08×
Press Release ● Major ⚠ 4
Telesat reports results for the three and nine months ended September 30, 2026
Telesat reported Q3 2026 revenue of $81 million, down 20% year-over-year, with adjusted EBITDA collapsing 74% to $12 million, including $25 million of debt-refinancing costs.
Net loss widened to $157 million for the quarter and $867 million for the nine months, driven by Lightspeed Financing Warrant fair-value losses and a GEO goodwill impairment. The GEO decline reflects broadcast contract non-renewals, reduced broadband service, and satellites removed from service.
The offset is the landmark $2.7 billion ESCP-P agreement with Canada's Defence Investment Agency, with $2.0 billion in milestone payments expected between Q3 2026 and Q4 2028, funding a Lightspeed constellation expansion to 225 satellites. GEO guidance was reiterated and Lightspeed spending was lowered to $1.1-$1.3 billion; management still targets high-latitude commercial service around end of Q1 2028 but GEO debt refinancing remains unresolved.
• 11d ago AI analysis › Press Release
Telesat schedules third quarter 2026 earnings conference call for October 29, 2026
Telesat has scheduled its Q3 2026 earnings conference call for Thursday, October 29, 2026, at 10:30 a.m. EDT.
CEO Daniel S. Goldberg and CFO Donald Tremblay will host the call to discuss results for the three- and nine-month periods ended September 30, 2026, with the results news release posted beforehand on the company's website.
This is a scheduling notice only and contains no financial figures or operational updates.
• 16d ago AI analysis › Press Release ⚠ 3
Orange and Telesat inaugurate Europe’s first Telesat Lightspeed Gateway in France
Telesat and Orange commissioned Europe's first Telesat Lightspeed gateway, hosted at Orange's World Teleport Association Tier-4 certified teleport in Bercenay-en-Othe, France.
The gateway is a key component of the terrestrial infrastructure supporting the planned initial 225 satellites of Telesat's low Earth orbit constellation, with Orange providing secure high-speed ground connectivity to Telesat's planned point of presence in Paris.
Gateway antennas were supplied by Intellian Technologies, and the network's optical inter-satellite links are designed to keep customer traffic in space until secure landing, targeting enterprise, telecom, government, and defence users with enhanced data sovereignty.
Telesat continues to anticipate a global Lightspeed in-service date of Q1 2028, and the company flagged potential expansion of the Orange collaboration to support delivery of connectivity across Europe, Africa and other markets.
• 1mo ago AI analysis › Press Release ⚠ 1
Telesat and SatPort Infrastructure sign global build-to-suit agreement to expand Telesat Lightspeed ground network
Telesat (Nasdaq and TSX: TSAT) announced a global build-to-suit Master Services Agreement with SatPort Infrastructure, an EQT-backed carrier-neutral ground infrastructure provider, to develop, build and host landing stations for the Telesat Lightspeed LEO constellation.
The framework converts ground-segment capital expenditure into predictable operating costs and establishes SatPort as a non-exclusive strategic partner, giving Telesat a capital-efficient, rapidly scalable path to expand its ground network worldwide.
The build-to-suit model is designed to satisfy sovereign and in-country data-landing requirements while Telesat retains ownership, control and operations of all network elements; no financial terms or station counts were disclosed.
• 1mo ago AI analysis › Press Release ⚠ 2
Telesat Named to the TSX30, Ranking Among the Top Performing Stocks on the Toronto Stock Exchange
Telesat has been named to the 2026 TSX30, the TMX Group's annual ranking of the top 30 performing companies on the Toronto Stock Exchange based on dividend-adjusted share price performance over the three years ending June 30, 2026.
Telesat's share price grew 475% over that three-year period, corresponding to approximately $2.97 billion in incremental market capitalization.
The recognition comes as Telesat prepares for the launch of Telesat Lightspeed, its LEO broadband constellation that recently expanded to include 44% more capacity, with global service expected to begin in Q1 2028.
• 2mo ago AI analysis › Press Release ⚠ 3
Farcast completes Telesat Lightspeed antenna technology demonstration milestone
Telesat (Nasdaq and TSX: TSAT), via subsidiary Telesat LEO ULC, and San Francisco-based terminal startup Farcast completed a collaborative technology demonstration program validating Farcast's electronically steered antenna (ESA) technology for the Telesat Lightspeed LEO network.
The program culminated in an over-the-air demonstration through Telesat's LEO 3 test satellite, in which Farcast's shared-aperture user terminal established and maintained end-to-end connectivity with measured performance closely matching predicted link budgets. Farcast's architecture is designed to cut size, weight, power, and cost (SWaP-C).
The milestone opens the next phase of the collaboration: developing a fully integrated user terminal combining Farcast's antenna platform with the Telesat Lightspeed modem solution, moving toward production.
No financial terms were disclosed. User terminals remain a key ground-segment dependency for Lightspeed commercialization, so the validation incrementally de-risks the program, though revenue impact remains distant.
• 2mo ago AI analysis › Press Release
Telesat Government Solutions and Cailabs Collaborate on Secure Optical Connectivity for Government Missions
Telesat Government Solutions and Cailabs US signed a strategic collaboration agreement to explore integrating secure optical space-to-ground connectivity for U.S. Government and Allied missions.
The partnership aims to combine Telesat Lightspeed's optical inter-satellite links with Cailabs' production-ready optical ground systems for joint studies and demonstrations.
This integration targets government requirements for resilient communications in contested environments, leveraging Cailabs' atmospheric turbulence compensation technology.
• 2mo ago AI analysis › Press Release ● Major ⚠ 4
Telesat reports results for the three and six months ended June 30, 2026
Telesat reported Q2 revenue of $79 million, down 25% year-over-year, with adjusted EBITDA falling 62% to $22 million driven by GEO contract non-renewals and debt refinancing costs.
The company secured a major $2.7 billion contract with the Canadian government for its Telesat Lightspeed LEO network, expanding the planned constellation to 225 satellites and boosting pro forma backlog to $5.6 billion.
Management raised the 2026 Lightspeed spending forecast to $1.3 billion - $1.5 billion, maintained GEO guidance, and noted eligibility for $189 million in U.S. FCC incentive payments.
• 2mo ago AI analysis › Press Release ● Critical ⚠ 2
Telesat secures $2.3 billion Arctic military satcom contract, expanding Telesat Lightspeed network and capacity by 44%
Telesat signed a $2.7 billion (CAD) contract with Canada’s Defence Investment Agency to provide secure Arctic connectivity, fully funding the addition of 69 satellites to its Lightspeed constellation.
The 15-year contract, the largest in Telesat’s history, increases the total network size to 225 satellites and brings the total expected investment in the network to approximately $7 billion.
Service under the contract begins in 2028, aligning with the expected global launch of Telesat Lightspeed, and includes milestone-based payments starting in Q3 2026.
• 3mo ago AI analysis › Press Release ● Major
MDA SPACE AWARDED $474 MILLION TO EXPAND THE TELESAT LIGHTSPEED LEO CONSTELLATION
MDA Space secured a $474 million follow-on order from Telesat for 27 additional MDA AURORA satellites, expanding the Telesat Lightspeed LEO constellation to 225 fully funded units.
The contract modification integrates 500 MHz of military Ka-band spectrum, supporting the Department of National Defence's Enhanced Satellite Communications Project-Polar (ESCP-P) for Arctic connectivity.
MDA Space was also named prime contractor for a separate UHF and X-band MEO constellation, with the majority of the $474M backlog increase expected to be recognized in Q3 2026.
• 3mo ago AI analysis › Press Release
Telesat schedules second quarter 2026 earnings conference call for August 13, 2026
Telesat announced it will hold a conference call on August 13, 2026, at 10:30 a.m. EDT to review its financial results for the three- and six-month periods ended June 30.
The call will feature CEO Daniel S. Goldberg and CFO Donald Tremblay, with the full earnings release set to be published on the company's website prior to the start time.
Investors can access the live event via webcast or toll-free teleconference, and a replay will be available until August 27.
• 3mo ago AI analysis › Press Release ⚠ 2
Telesat prepared to execute FCC Upper C-band transition plan
Telesat Corporation announced that its subsidiary, Telesat GEO Inc., is prepared to execute its Upper C-band transition plan following the FCC's adoption of the Report and Order.
The order establishes a framework for repurposing 160 MHz of spectrum and confirms Telesat's eligibility for US$189 million in incentive payments, contingent on meeting transition deadlines.
Satellite operators are required to submit transition plans by November 5, 2026, with the FCC also confirming reimbursement for reasonable and necessary transition costs.
• 3mo ago AI analysis › Press Release
Telesat announces changes to Board of Directors
Telesat appointed Ralph (Cody) Kittle to its Board of Directors, succeeding Michael Targoff who served for nearly 19 years.
Kittle is a nominee of MHR Fund Management LLC, a major shareholder, and brings experience as CEO of RenWave Kore and former portfolio manager at Elliott Management.
The change represents a routine succession of a long-tenured director with no indicated shift in corporate strategy or control.
• 4mo ago AI analysis › Press Release ● Major ⚠ 2
Canadian Armed Forces selects Telesat Lightspeed for Mil-Ka-band component of ESCP-P Arctic military communications program
Telesat announced an agreement in principle with Canada’s Defence Investment Agency to provide Telesat Lightspeed services for the Enhanced Satellite Communications Project – Polar (ESCP-P).
The program will deliver secure Military Ka-band connectivity across the Canadian Arctic, spanning 65 to 90 degrees North latitude, including user terminals and ground infrastructure.
A definitive contract is expected in the coming weeks, with financial details to follow, while global Lightspeed service delivery remains on track for Q1 2028.
• 4mo ago AI analysis › Press Release
Telesat donates satellite capacity to support Venezuela’s recovery efforts
Telesat is donating high-power satellite capacity on Telstar 19 VANTAGE to Venezuelan telecommunications provider Top Comunications to support recovery efforts following recent earthquakes.
The capacity will be used to restore critical communications infrastructure and support emergency coordination for government entities and first responders.
Chief Commercial Officer Glenn Katz noted that satellite connectivity is vital in the aftermath of natural disasters as the company seeks to support relief efforts.
• 4mo ago AI analysis › Press Release
Telesat announces results of 2026 Annual General Meeting of shareholders
Telesat announced the voting results from its Annual General Meeting held on June 3, 2026.
Shareholders voted in favor of all items of business, including the appointment of Deloitte LLP as auditors.
All ten director nominees were elected, with withheld votes ranging from 112,361 to 1,321,775 out of approximately 47.4 million total votes cast.
• 5mo ago AI analysis › Press Release ⚠ 4
Five Public Space Names Catching the SpaceX IPO Tailwind · Including One Just Tapped for a Capability the U.S. Has Gone Without
Starfighters Space signed a Memorandum of Understanding with Mu-G Technologies to jointly respond to a NASA Request for Information for parabolic flight services.
The partnership aims to rebuild domestic commercial microgravity capability using Mu-G's Falcon 50 aircraft at Starfighters' Midland, Texas facility, a gap that has existed since the last domestic operator exited.
The release is a paid media distribution by World Street Intelligence on behalf of Starfighters' marketing group, highlighting the SpaceX IPO tailwind and peer earnings data for M-tron, Sidus, Telesat, and Momentus.
• 5mo ago AI analysis › Press Release
Telesat reports results for the quarter ended March 31, 2026
globenewswire.com • 6mo ago Press Release
Telesat schedules first quarter 2026 earnings conference call for May 5, 2026
globenewswire.com • 6mo ago