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 and TIM Brasil completed on-orbit testing across several applications with Telesat’s Phase 1 LEO satellite.
1080p YouTube streaming, video conferencing, WhatsApp voice over LTE, and interface compatibility were tested over Telesat’s Phase 1 LEO satellite.
In the final demonstration, Telesat completed a direct downlink from its Low Earth Orbit satellite network to a Ball-built electronically steerable Ka-band phased array mounted on a tactical vehicle.
Telesat joined the Ball-Microsoft team for the final demonstration to complete a direct downlink of data from its LEO satellite network to a Ball-built electronically steerable Ka-band phased array on a tactical vehicle.
Telesat secured a $500,000,000 bond in April as part of a debt package that will fund 60% of Lightspeed’s cost.
Telesat could start a spectrum auction to help fund its $5,000,000,000 Lightspeed low Earth orbit constellation in a couple of months if the Government of Canada approves its proposal.
COVID-19 impacts on commercial aero and maritime markets caused Telesat revenues to 2020-12-06% to 190 million Canadian dollars for the first quarter of 2021 compared with the same period in 2020 on an FX-adjusted basis.
Telesat’s adjusted EBITDA fell 5% to 152 million Canadian dollars for the first quarter of 2021 compared with the same period in 2020.
Telesat is on course to hit its U.S. C-band clearing targets, generating around $300,000,000 in total to partly fund the Lightspeed constellation.
Telesat has early arrangements to start launching nearly 300 Lightspeed satellites next year for services planned to begin in 2023.
Telesat has lined up Blue Origin and Relativity Space as early launch providers for Lightspeed and is in talks with additional launch partners it expects to announce 2021.
In a regulatory filing submitted 2021-03-04, Telesat reported that Maxar was investigating an anomaly affecting the in-orbit Telstar 19 VANTAGE spacecraft that Maxar built for Telesat.
Telesat expects to start deploying its Lightspeed LEO constellation next year and has not finalized launch contracts.
Telesat announced plans on 2021-04-13 to raise $500,000,000 in debt to develop its Lightspeed LEO broadband network.
Telesat CEO Dan Goldberg expects to finalize contracts in the next couple of months to start launching nearly 300 Lightspeed satellites from next year.
Telesat Canada priced an offering of US$500,000,000 aggregate principal amount of 5.625 percent senior secured notes due 2026 by Telesat and Telesat LLC.
OneWeb and Telesat have launched LEO satellites providing connectivity to the business segment.
Dan Goldberg, Telesat’s CEO, expects to complete Lightspeed’s financing within the next couple of months as of 2021-04-06.
MEF’s 3.0 Underlay Connectivity Service standards provide a standardized way for companies to understand the capabilities of Telesat Lightspeed and how to procure and integrate software-defined digital services into their networks.
Telesat recorded 653 million Canadian dollars in adjusted EBITDA for 2020, a 14% decrease compared with 2019.