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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Telesat Lightspeed is planning to offer services to remote and northern areas of Canada targeting government and corporate customers.
Telesat Lightspeed's deployment has encountered delays due to supply chain issues caused by the pandemic.
Telesat Lightspeed is positioned to meet government requirements regarding northern sovereignty and NORAD modernization.
The contract with Calian expands Telesat's work on the Lightspeed program.
Telesat has tasked Calian Group with designing and deploying the data platform for its Lightspeed constellation.
Telesat Lightspeed aims to build Canada's strategic national capability with secure connectivity accessible worldwide.
The data platform for Telesat's Lightspeed constellation will support bi-directional, asynchronous data flows.
Telesat previously selected Calian to deliver the element management system (EMS) for the Lightspeed program.
Taiwan has partnered with US company Astranis and SES of Luxembourg and is in talks with Amazon's Kuiper and Canada's Telesat.
Telesat's Lightspeed fleet will likely consist of 198 satellites.
Telesat has C$2.4 billion of debt maturing next year and an additional C$604 million due in 2027.
Telesat has solid contracts in place with various Canadian regions for Lightspeed coverage.
Telesat has cancelled its plans for an additional 1,671 low Earth orbiting (LEO) satellites.
Advisers representing creditors of Telesat are preparing to sign non-disclosure agreements to address debt obligations maturing next year.
The subsidiary that received the equity transfer is wholly owned by Telesat Canada’s parent companies and does not guarantee Telesat Canada’s existing debt.
Telesat completed the transfer of 62 percent equity in its Telesat Lightspeed unit to an indirect subsidiary of Telesat Corp.
Moody’s Ratings downgraded the senior unsecured notes rating of Telesat Canada to Ca from Caa3.
Moody’s Ratings downgraded the senior secured bank credit facility and senior secured notes ratings of Telesat Canada to Caa2 from B3.
Telesat's Lightspeed fleet will comprise about 200 satellites.
Moody’s Ratings has downgraded Telesat Corp’s corporate family rating to Caa2 from Caa1.