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.
Orange and Telesat (TSAT) have commissioned the first European Telesat Lightspeed low Earth orbit gateway at Orange’s Tier‑4 teleport in Bercenay-en-Othe, France, as of 17 September 2026.
The gateway is a key part of Telesat’s terrestrial infrastructure and will support deployment of the planned initial 225 Telesat Lightspeed satellites. Orange will provide secure, high‑speed ground connectivity linking the gateway to Telesat’s planned point of presence in Paris to deliver high availability and low latency for mission‑critical applications. The gateway uses advanced Intellian antennas and, together with Telesat Lightspeed’s optical inter‑satellite links, is being designed to keep customer traffic in space until landing, enhancing data sovereignty, routing flexibility and control.
Telesat is targeting a global in‑service date for Lightspeed of Q1 2028, with this site intended to serve enterprise and government users across Europe and beyond.
Telesat (TSAT) and SatPort Infrastructure signed a global build-to-suit Master Services Agreement to expand the Telesat Lightspeed ground network with new landing stations.
Under the MSA, SatPort will develop, build and host landing stations that connect the Telesat Lightspeed low Earth orbit constellation to terrestrial networks. The framework is designed to be capital-efficient by shifting ground-segment capital expenditure into more predictable operating costs and to provide a rapidly scalable path for worldwide ground expansion. SatPort becomes a non-exclusive strategic partner, delivering carrier-neutral, multi-tenant infrastructure built to Telesat’s specifications while Telesat retains ownership, control and operation of all network elements.
Telesat (TSAT) has been named to the 2026 TSX30, the Toronto Stock Exchange’s annual ranking of the 30 top-performing stocks based on dividend-adjusted share price performance over the three years to June 30, 2026.
Over this period, Telesat’s share price grew 475%, adding approximately $2.97 billion in incremental market capitalization. This performance comes as the company prepares to launch Telesat Lightspeed, its low Earth orbit global satellite broadband network, which is expected to enter global service in Q1 2028. The planned Lightspeed constellation has recently been expanded to provide 44% more capacity. Company leadership links the TSX30 inclusion to progress on this program and states a focus on delivering a world-class LEO network and long-term value for stakeholders.
Telesat Corporation (TSAT) and Farcast reported completing a collaborative technology demonstration program for Telesat Lightspeed on September 2, 2026.
The partners validated key capabilities of Farcast's electronically steered antenna (ESA) technology, confirming an architecture that reduces hardware complexity while lowering size, weight, power and cost (SWaP-C) without stated performance compromise. The program culminated in an over-the-air test using Telesat's LEO 3 satellite, where Farcast's shared-aperture user terminal established and maintained end-to-end connectivity with measured performance closely matching predicted link budgets. This milestone sets up the next phase: developing a fully integrated user terminal that combines Farcast's antenna platform with the Telesat Lightspeed modem solution.
Telesat Corporation (Nasdaq/TSX: TSAT), through Telesat Government Solutions, and Cailabs US signed a strategic collaboration agreement to explore integrating the Telesat Lightspeed low Earth orbit network’s optical inter-satellite links with Cailabs’ production-ready optical ground systems. The effort targets secure, resilient, high-capacity space-to-ground connectivity for U.S. Government and Allied missions.
According to Telesat, the Lightspeed network uses a space-based mesh with 900 optical inter-satellite link terminals operating in commercial and military Ka-band, while Cailabs contributes fixed and transportable optical ground stations using proprietary atmospheric turbulence compensation and an industrial capacity target of up to 50 ground stations per year.
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.