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Telesat Corp - TSAT STOCK NEWS

Welcome to our dedicated news page for Telesat (Ticker: TSAT), a resource for investors and traders seeking the latest updates and insights on Telesat.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Telesat's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Telesat's position in the market.

News
Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed
Rhea-AI Summary
Telesat (TSAT) announces a C$2.14 billion investment from the Government of Canada for Telesat Lightspeed, with warrants for 10% of common shares based on a US$3 billion equity valuation. The investment aims to support the development of the Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation, creating jobs, fostering innovation, and advancing Canada's presence in the New Space Economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
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none
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News
Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2023
Rhea-AI Summary
Telesat (TSAT) announces financial results for 2023, highlighting achievements in the Telesat Lightspeed program. The company reported positive financial performance, with Adjusted EBITDA above guidance, high capacity utilization, and a substantial contractual backlog of $1.3 billion. However, revenue declined by 7% in 2023 compared to 2022, primarily due to rate reductions and lower revenue from certain customers. Operating expenses decreased by 21%, leading to a 6% decrease in Adjusted EBITDA for the year. Telesat's net income improved to $583 million from a net loss of $82 million in the prior year. Looking ahead to 2024, the company expects a substantial decrease in Adjusted EBITDA due to revenue reductions and increased operating expenditures related to Telesat Lightspeed development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.49%
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none
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News
Telesat Fourth Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Telesat (TSAT) has announced a conference call to discuss its financial results for the three month and one year periods ended December 31, 2023, hosted by its President and CEO, Daniel S. Goldberg, and CFO, Andrew Browne. The call is scheduled for March 28, 2024, at 10:30 a.m. ET. Dial-in and webcast information is provided for participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
earnings
News
ThinKom and Telesat Expand Agreement for Low Earth Orbit Operations
Rhea-AI Summary
Telesat and ThinKom Solutions expand partnership to certify ThinAir Ka2517 antenna for Telesat Lightspeed network, providing high-speed, low latency global connectivity for airlines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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none
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News
Avanti Communications Signs Strategic Collaboration Agreement With Telesat as Part of New Multi-Orbit Strategy
Rhea-AI Summary
Avanti Communications partners with Telesat to enhance its global network with Low Earth Orbit capabilities, aiming to provide affordable broadband connectivity worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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none
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News
Telesat Opens Annual Scholarship Programs for Women & Indigenous Students
Rhea-AI Summary
Telesat announces scholarship programs to promote diversity in STEM fields, offering $5,000 CAD scholarships to women and Indigenous students, aiming to empower underrepresented groups in science and technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
none
News
Mage Networks Signs Memorandum of Understanding for Telesat Lightspeed Services
Rhea-AI Summary
Telesat (TSAT) and Mage Networks plan to collaborate to expand broadband internet services to unserved and underserved communities in Canada using Telesat Lightspeed LEO satellite services. The partnership aims to provide reliable, redundant, and affordable service to remote areas through a dedicated pool of Telesat Lightspeed rural connectivity capacity. The initiative is expected to bridge the digital divide and achieve universal connectivity for all, offering affordable broadband service plans with at least 50/10 Mbps speeds and unlimited data.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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none
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News
Telesat Government Solutions Awarded DARPA Space-BACN Phase 2 Contract
Rhea-AI Summary
Telesat Government Solutions (TGS) has been awarded the Phase 2 contract of the Defense Advanced Research Projects Agency (DARPA) Space-Based Adaptive Communications Node (Space-BACN) program. The goal of Space-BACN is to create a reconfigurable, multi-protocol intersatellite optical communications terminal that is low in size, weight, power, and cost (SWaP-C), aiming to eliminate stovepipes and 'connect space' to enable the Department of Defense (DoD) joint all-domain command and control initiative. Phase 2 includes a 20-month period of performance to continue evolving the schema for cross-constellation communications developed in Phase 1, emphasizing scalability and increasing the nodes for connectivity while enhancing the schema’s capabilities and efficiency. Philip Harlow, President of Telesat Government Solutions, expressed enthusiasm in advancing the important work with Space-BACN, highlighting the critical need for broad space connectivity across multiple domains as space-based threats increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.76%
Tags
clinical trial
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News
Telesat Selects Aalyria’s Spacetime for Orchestration of Its Revolutionary Telesat Lightspeed Constellation
Rhea-AI Summary
Telesat (NASDAQ and TSX: TSAT) and Aalyria announced an Agreement to deploy Aalyria’s Spacetime next-generation networking technology to organize the efficient flow of customer traffic over the Telesat Lightspeed Low Earth Orbit (LEO) satellite constellation. This will result in better link performance, increased network efficiency, and enhanced flexibility to focus and dynamically deliver reliable capacity to customers. Telesat will use Aalyria’s Spacetime platform for real-time analysis of millions of possible paths, autonomously evolving antenna link scheduling, dynamic network traffic routing, and spectrum resources based on changing network requirements. This partnership aims to achieve the lowest latency, highest availability, and resiliency for meeting the committed information rates and service level agreements for Telesat’s enterprise-class LEO services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.51%
Tags
none
News
Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2023
Rhea-AI Summary
Telesat, a leading satellite operator, announced its financial results for Q3 2023, reporting a consolidated revenue of $175 million, a decrease of 3% compared to the same period last year. The company achieved high capacity utilization, a substantial contractual backlog of $1.5 billion, and a cash balance of $1.8 billion. Telesat also strengthened its financial position by repurchasing debt, receiving C-band proceeds, and completing in-orbit testing of its LEO 3 satellite. The company's Telesat Lightspeed program, aimed at revolutionizing broadband connectivity, made significant progress with the selection of MDA as the prime satellite contractor and a contract with SpaceX for Falcon 9 rocket launches.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.56%
Tags
none
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Telesat Corp

Nasdaq:TSAT

TSAT Rankings

#4238 Ranked by Market Cap
#1021 Ranked by Stock Gains
N/A Ranked by Dividends

TSAT Stock Data

255.03M
7.74%
64.89%
1.18%
Satellite Telecommunications
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Canada
Ottawa