Welcome to our dedicated page for TELESAT news (Ticker: TSAT), a resource for investors and traders seeking the latest updates and insights on TELESAT stock.
Telesat Corporation reports on satellite communications operations built around its GEO services business and the Telesat Lightspeed Low Earth Orbit program. Company updates commonly cover IFRS financial results, GEO revenue and cost trends, and development work on the Lightspeed constellation, including satellites, user terminals, network software, satellite operations software and ground station deployments.
News also covers customer and partnership activity for broadband, government, defence, maritime and aeronautical connectivity. Recurring themes include Telesat Lightspeed service contracts, military Ka-band capability, strategic cooperation agreements, debt refinancing discussions, and legal matters tied to legacy GEO debt and corporate financing structure.
Telesat (Nasdaq/TSX: TSAT) reported Q2 2026 revenue of $79 million, down 25% year over year, and adjusted EBITDA of $22 million, down 62%. Net loss was $559 million, mainly from non-cash losses on Lightspeed financing warrants and foreign-exchange impacts on U.S. dollar debt.
For the first half of 2026, revenue was $167 million (‑25%) and adjusted EBITDA $57 million (‑55%), with a $710 million net loss. Telesat signed a $2.7 billion, 15‑year ESCP‑P contract with the Government of Canada, expanding the Lightspeed constellation from 156 to 225 satellites. As of June 30, 2026, GEO backlog was ~$900 million and LEO backlog ~$1.1 billion, rising to a pro forma $5.6 billion including the new ESCP‑P contract. Telesat maintained 2026 GEO guidance and raised Lightspeed 2026 spend guidance to $1.3–$1.5 billion.
MDA Space (TSX/NYSE: MDA) will supply Telesat LEO ULC, part of Telesat (Nasdaq/TSX: TSAT), with additional MDA AURORA™ broadband satellites as Telesat expands its Lightspeed low Earth orbit constellation. Telesat is increasing its fully funded LEO satellites by 69, from 156 to 225.
For MDA Space, this adds 27 satellites to its previously announced 198 Lightspeed satellites and raises the total contract value by $474 million, including 500 MHz of military Ka-band upgrades and long-lead items. Most of this increase is expected to enter MDA Space’s backlog in Q3 2026.
The Government of Canada also selected MDA Space as prime contractor for the ESCP-P UHF and X-band MEO constellation, with Telesat as subcontractor and contract details to follow.
Telesat (Nasdaq/TSX: TSAT) signed a $2.3 billion Telesat Lightspeed services contract with Canada’s Defence Investment Agency to provide secure Military Ka-band (Mil-Ka) Arctic connectivity to the Canadian Armed Forces under the Enhanced Satellite Communications Project – Polar program.
The deal includes two five-year option periods of about $200 million each, bringing the potential total to $2.7 billion over 15 years with service starting in 2028. The contract, the largest in Telesat’s history, immediately funds 69 additional satellites, expanding the Telesat Lightspeed constellation from 156 to 225 satellites, increasing network capacity by 44%, and lifting total expected network investment to about $7 billion. The new satellites will be built by MDA Space in Montreal and launched on SpaceX Falcon 9 rockets. Telesat will also act as key subcontractor and overall systems integrator for Mil-Ka, UHF, and X-band networks within the broader ESCP-P program.
Telesat (Nasdaq, TSX: TSAT) has scheduled its second quarter 2026 earnings conference call for Thursday, August 13, 2026 at 10:30 a.m. EDT to discuss financial results for the three- and six-month periods ended June 30, 2026. The call will be hosted by President and CEO Daniel S. Goldberg and CFO Donald Tremblay, with results released earlier that day on Telesat’s website under the “Investors” section. Investors can join via toll-free and international dial-in numbers using access code 2873917#, or listen through a live webcast, with both webcast and teleconference replays available until August 27, 2026.
Telesat (NASDAQ/TSX: TSAT) announced that subsidiary Telesat GEO is preparing to execute its Upper C‑band transition plan after the U.S. FCC adopted its Upper C‑band Report and Order. The Order sets the framework to repurpose 160 MHz of Upper C‑band spectrum in the contiguous U.S. for next‑generation terrestrial wireless services.
According to Telesat, Telesat GEO is eligible for up to US$189 million in incentive payments, contingent on meeting FCC transition deadlines, and for reimbursement of reasonable and necessary transition costs approved by the clearinghouse. The FCC requires satellite operators to submit detailed transition plans by November 5, 2026, and Telesat GEO plans to work with customers, earth station operators and regulators to clear spectrum while maintaining satellite service continuity.
Telesat (Nasdaq, TSX: TSAT) announced a Board of Directors change effective July 9, 2026. Ralph (Cody) Kittle, a nominee of MHR Fund Management, has joined the board, succeeding long-serving director Michael Targoff.
Kittle is Founder and CEO of RenWave Kore, oversees over $1.5 billion in assets, and chairs the Audit Committee at Freddie Mac.
Telesat (Nasdaq/TSX: TSAT) reached an agreement in principle with Canada’s Defence Investment Agency for Telesat Lightspeed to provide secure Military Ka-band (Mil-Ka) Arctic connectivity under the ESCP-P program.
The solution includes end-to-end network integration, with global Lightspeed service still targeted for Q1 2028.
Telesat (Nasdaq, TSX: TSAT) is donating high-power satellite capacity to Top Comunications to aid Venezuela’s disaster recovery after recent earthquakes.
Capacity on Telstar 19 VANTAGE will help restore critical communications, support emergency coordination, and bolster public safety for government entities, first responders, and mobile network operators.
Telesat (Nasdaq/TSX: TSAT) released the voting results of its 2026 annual general meeting held virtually on June 3, 2026. Shareholders approved all items of business, including appointing Deloitte LLP as auditors and electing all ten director nominees, each receiving over 46 million votes in favour.
Telesat (Nasdaq/TSX: TSAT) reported Q1 2026 consolidated revenue of C$87M (down 25% year-over-year) and adjusted EBITDA of C$35M (down 48%). Net loss was C$151M, driven by lower revenue and a non-cash goodwill impairment. Telesat has invested ~C$2.7B in Telesat Lightspeed to date and spent C$171M on the program in Q1. The company reiterated 2026 guidance: GEO revenue C$300–320M, GEO adjusted EBITDA C$210–230M (ex refinancing costs), and Lightspeed spending C$1.0–1.2B for 2026. Backlog: GEO ~C$800M, LEO ~C$1.1B; GEO utilization 55%.