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 ordered 127 gateway antennas from South Korea’s Intellian for its Lightspeed low Earth orbit broadband network on 2024-10-23.
An initial order of 198 Telesat Lightspeed satellites powered by MDA AURORA technology will be produced at MDA’s new Sainte-Anne-de-Bellevue facility.
Telesat’s Lightspeed LEO constellation will be built by MDA in Canada.
Telesat has secured government funds covering more than half of the $3,500,000,000 cost of its proposed low Earth orbit Lightspeed broadband constellation.
Telesat expects to spend as much as 1.4 billion Canadian dollars on the Lightspeed project in the current year.
The Telesat/MDA project will consolidate 650 existing jobs and is expected to create close to 1,000 high-paying jobs in Québec.
Telesat (NASDAQ and TSX: TSAT) selected Calian Group Ltd. (TSX: CGY) to design, develop, deliver and deploy the Element Management System (EMS) for the Telesat Lightspeed LEO satellite network.
Telesat sold Infosat Communications to Calgary-based Network Innovations in a transaction announced on 2024-09-03.
Network Innovations acquired Able Communications, a Houston-based satellite communications provider primarily serving oil and gas customers, from Telesat in 2017.
Telesat invested nearly a quarter of 1.4 billion Canadian dollars in the first half of 2024 toward Lightspeed prior to the remainder of the planned 2024 investment.
Telesat expects to invest up to 1.4 billion Canadian dollars in its Lightspeed low Earth orbit constellation in 2024.
Telesat plans to cover around 46% of Lightspeed’s 3.5 billion US dollar cost via company equity and debt from an unnamed vendor.
Telesat’s declines in its geostationary business led to a 17% year-on-year drop in revenues to 305 million Canadian dollars for the first half of 2024.
Telesat Lightspeed is a LEO satellite constellation intended to provide an advanced global network delivering enterprise-class connectivity worldwide.
NAVSYS test results have demonstrated the system’s capability to use satellites operated by Intelsat, Viasat, Eutelsat, SES, and Telesat to deliver backup PNT capability to GPS.
Telesat’s proposed Lightspeed LEO constellation is a 198-satellite fleet now under construction.
Telesat has C$1,760,000,000 available to fund the Lightspeed build, including C$1,250,000,000 in cash plus investments.
Luigi Pozzebon led the MDA Space team that won a $2,100,000,000 contract to act as the satellite prime for the Telesat Lightspeed satellite constellation.
SpaceX is scheduled to start launching Telesat’s Aurora Lightspeed satellites in 2026.
Canadian geostationary operator Telesat ordered an initial 198 Aurora satellites for its Lightspeed low Earth orbit broadband network under a contract worth about $1,600,000,000.