Telesat is a Canadian satellite communications company and operator, providing connectivity solutions to telecom, government, and enterprise clients globally. They are currently developing Telesat Lightspeed, a low Earth orbit (LEO) constellation of 198 satellites designed for high-speed, low-latency broadband services. Telesat partners with companies like MDA Space, Orange, and Intellian for satellite manufacturing, terrestrial infrastructure, and user terminals. The company aims to begin launching satellites in 2026, with the constellation fully operational by 2027.
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Donald Tremblay joined Telesat as Chief Financial Officer, succeeding Andrew Browne, who is retiring after six years with Telesat.
Telesat's operating expenses rose by 26% to $58 million due to higher Lightspeed headcount and professional fees related to capital restructuring.
Telesat's expected adjusted EBITDA for 2025 is between $170 million and $190 million.
Under a new agreement, Farcast will deliver an enterprise-class flat panel antenna user terminal integrated with the Telesat Lightspeed modem.
Telesat maintained its full-year 2025 revenue guidance, expecting between $405 million and $425 million.
Lower revenues for Telesat were attributed to reduced income from Dish Network on the Nimiq 5 contract and a decline in an Indonesian rural broadband program.
Telesat engaged in discussions with holders of its GEO debt to address repayment strategies.
As of September 30, 2025, Telesat had $483 million in cash and short-term investments, supported by access to government financing facilities totaling about $2 billion.
OneWeb in the UK and Telesat in Canada are expanding their constellations by deploying hundreds of satellites.
Telesat has purchased land in Timmins, Ontario to build a Landing Station for the Lightspeed satellite network.
Minister Joly emphasized that these investments aim to create jobs and foster collaboration with major companies like MDA Space and Telesat.
Telesat currently has another landing station location in Ontario, the Allen Park teleport near Hannover.
The Timmins Landing Station will connect data from Telesat's advanced LEO satellite network, Telesat Lightspeed, to terrestrial Points of Presence and fibre in Northern Ontario.
The demonstration test with Telesat's Lightspeed LEO demonstration satellite was conducted at Telesat’s Allan Park teleport near Hannover, Ontario.
Throughout the week-long campaign, the AvL terminal consistently acquired and tracked Telesat’s GEO satellite Anik F3 and successfully acquired Telesat's LEO 3 demonstration satellite.
Telesat announced that Calian will develop the operational data platform for the Lightspeed network.
Calian will design, develop, integrate, and deploy the Telesat Lightspeed Operational Data Platform.
Telesat's initial Lightspeed constellation consists of 198 satellites and is planned to start launching in 2026.
The Telesat Lightspeed Operational Data Platform will form the secure, real-time data backbone across Telesat’s LEO satellite constellation, landing stations, and user terminals.
Telesat Government Solutions announced that AvL Technologies completed a successful demonstration of their 1.35-meter XY antenna terminal with Telesat’s Lightspeed LEO demonstration satellite.