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Telesat/$TSAT

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About Telesat

Telesat Corp is a satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. The company has two operating segments: GEO services (GEO) segment that refers to the operation of the fleet of GEO satellite and LEO services (LEO) segment that refers to the deployment and operation of the Telesat Lightspeed constellation Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others.
Ticker
$TSAT
Sector
Communication
Primary listing
NASDAQ
Employees
711
Headquarters
Ottawa, Canada
Website
www.telesat.com

Telesat Metrics

BasicAdvanced
$741M
-
-$18.05
2.06
-

Bulls say / Bears say

Canada’s C$2.3 billion base contract, worth up to C$2.7 billion with options, gives Lightspeed a major anchor customer and long-term demand. The deal includes C$2.0 billion of milestone payments to fund the expanded constellation. (Telesat)
Telesat still expects to start high-latitude service, including the Canadian Arctic military contract, by the end of Q1 2028 despite moving its global-service target back three months. That could allow some Lightspeed revenue to begin before full global coverage. (Via Satellite)
A Telesat test satellite has demonstrated a live link using Farcast’s shared-aperture antenna, an important step towards validating user-terminal technology for Lightspeed. Successful terminals are essential to turning the satellite network into a usable service. (SpaceQ)
Telesat faces roughly US$1.71 billion of debt due in December, with further maturities in 2027, and its cash flow is not enough to cover them. Lenders’ proposed equity rights offering could dilute shareholders, while a refinancing outcome remains uncertain. (The Globe and Mail)
The legacy GEO business is shrinking: Q3 revenue fell 21% and adjusted EBITDA fell 43% year on year, while satellite utilisation was only 59%. This weakens the cash-generating business while Telesat works through its debt and builds Lightspeed. (SEC)
A shortage of launch capacity has pushed the first two Lightspeed test satellites to a planned mid-2027 launch and full global service to the end of Q2 2028. Further launch or integration delays could defer revenue from the new constellation. (Via Satellite)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

Telesat Financial Performance

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Telesat News

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What Telesat (TSAT) Said on Its Q3 Earnings Call

MarketBeat2 weeks ago
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