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Telesat stated that ESCP-P represents a multi-billion dollar investment by Canada.
Telesat invested in Farcast to fund terminals developed for the Lightspeed network.
All.Space collaborated with Telesat Government Solutions and Viasat to demonstrate simultaneous multi-beam connectivity with Low-Earth Orbit (LEO) and Geostationary Orbit (GEO) using the Hydra Max terminal.
The Hydra Max terminal is designed to be compatible with the Wideband Global SATCOM (WGS) U.S. military network, SES’s O3b mPOWER, Viasat 3 & GX, and upcoming Ka-band constellations Amazon Kuiper and Telesat Lightspeed.
Telesat Lightspeed is scheduled to launch next year for government and military customers in the Arctic.
Remote areas in Canada, such as Arctic communities, will benefit from faster satellite services like Telesat Lightspeed.
Telesat Lightspeed LEO is scheduled to enter commercial service in late 2027.
Telesat and MDA Space CEOs are advocating for investments in global communications and launch.
Viasat signed a multi-year capacity agreement for Telesat Lightspeed LEO services earlier this year.
The growth in Satellite Systems revenue was driven by the ramp-up of the Telesat Lightspeed program and the Globalstar next-generation LEO constellation program.
Eutelsat and Telesat are currently focusing their investments on LEO constellations rather than D2D services.
Telesat is making a $5 million investment into flat panel antenna developer Farcast for its Lightspeed network.
Terminals fully integrated with the Telesat Lightspeed modem are planned to be available for 2027.
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's operating expenses rose by 26% to $58 million due to higher Lightspeed headcount and professional fees related to capital restructuring.
Under a new agreement, Farcast will deliver an enterprise-class flat panel antenna user terminal integrated with the Telesat Lightspeed modem.
In September 2025, Telesat completed the distribution of 62% of its Lightspeed equity to an indirect subsidiary of Telesat Corporation.
Telesat anticipates LEO operating expenses of $75 million to $85 million and capital expenditures of $900 million to $1.1 billion for Lightspeed in 2025.
Telesat engaged in discussions with holders of its GEO debt to address repayment strategies.
Telesat’s optical inter-satellite links for Lightspeed comply with U.S. Space Development Agency standards, allowing integration with U.S. defense networks.