TELESAT (TSAT) Stock News

Telesat (NASDAQ/TSX: TSAT) reported its Q2 2025 financial results, showing significant revenue challenges but progress in its Telesat Lightspeed program. The company reported Q2 revenue of $106 million, down 30% year-over-year, and Adjusted EBITDA of $59 million, a 43% decrease.

Despite revenue headwinds, Telesat achieved notable milestones, including a Lightspeed backlog exceeding $1 billion and a strategic agreement with Viasat Inc. The company's GEO backlog stands at $900 million with fleet utilization at 70%. Telesat maintained its 2025 guidance, projecting revenues between $405-425 million and Adjusted EBITDA of $170-190 million.

Telesat (NASDAQ/TSX: TSAT), a leading satellite operator, has announced its upcoming second quarter 2025 earnings conference call scheduled for August 6, 2025, at 10:00 a.m. EDT. The call will be hosted by CEO Daniel S. Goldberg and CFO Andrew Browne to discuss financial results for the three and six-month periods ended June 30, 2025.

The company will release its financial results on its website prior to the call. Investors can access the call via toll-free number (+1-800-715-9871) or international dial-in (+1-646-307-1963) using access code 3355041. A webcast will also be available, with replay access until August 20, 2025.

Telesat Corporation (Nasdaq and TSX: TSAT) held its 2025 annual general meeting of shareholders virtually on June 17th. Shareholders approved all items of business, including the appointment of Deloitte LLP as auditors and the election of all ten director nominees. The voting results showed strong support for most nominees, with Michael Targoff and Janet Yeung receiving the highest approval rates (approximately 98% of votes), while Dr. Mark H. Rachesky and Jane Craighead received relatively lower but still substantial support (around 94% of votes). The complete voting results will be available on SEDAR+ and EDGAR regulatory filing systems.

Vocus and Telesat have announced a significant partnership where Vocus will construct Australia's first Telesat Lightspeed LEO Landing Station in New South Wales. The agreement includes both infrastructure development and service commitments. Vocus will build and operate the Landing Station, providing fiber connectivity to Telesat's point of presence for their LEO satellite constellation launching in late 2026. The partnership includes a long-term commitment for Telesat Lightspeed services, featuring committed information rates and comprehensive service level agreements. A key highlight is the Terminal-to-Terminal direct connectivity capability, allowing secure communications bypassing terrestrial infrastructure. Vocus, which currently operates or has contracted 30 ground stations, will integrate Telesat's MEF 3.0 compliant Carrier Ethernet services into its portfolio, serving enterprise and government customers with secure, low-latency connectivity solutions.

Telesat (NASDAQ/TSX: TSAT) and Arab Satellite Communications Organization (Arabsat) have signed a Term Sheet for multi-Gbps capacity of Telesat Lightspeed connectivity services. The agreement, signed at CABSAT 2025 in Dubai, follows their 2024 MoU and establishes a framework for Arabsat to integrate Telesat Lightspeed LEO services into its multi-orbit satellite ecosystem. The partnership will provide broadband connectivity solutions for enterprise, telecom, government, and mobility sectors, featuring Committed Information Rates (CIRs) and Service Level Agreements (SLAs). The companies expect to finalize definitive agreements by December 2025.

Telesat reported its Q1 2025 financial results with mixed performance. The company's consolidated revenue was $117 million, marking a significant 23% decrease from Q1 2024. The company's Adjusted EBITDA was $67 million, down 39% year-over-year, with a margin of 57.7%. Despite revenue challenges, Telesat made notable progress with its Telesat Lightspeed program, securing contracts with Viasat, Orange, and ADN Telecom. The LEO backlog reached $1.1 billion, while GEO backlog stood at $1.0 billion. For 2025, Telesat maintains its guidance with expected revenues between $405-425 million and Adjusted EBITDA between $170-190 million. The company plans significant capital expenditures of $900-1,100 million, primarily for Telesat Lightspeed development.

Telesat (Nasdaq and TSX: TSAT) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Tuesday, May 6, 2025, at 10:30 a.m. EDT. The call will be led by Daniel S. Goldberg, President and CEO, and Andrew Browne, CFO.

Participants can join through multiple channels:

• Toll-free number (North America): +1-800-952-5114
• International number: +1-416-406-0743
• Access code: 5237299#

A webcast option is available at the provided link for listen-only access. Financial results will be posted on Telesat's website under the Investors section before the call. A replay will be accessible for two weeks until May 20, 2025, via phone (+1-800-408-3053 for North America, +1-905-694-9451 for international) using access code 3089004#.

Telesat Government Solutions, a subsidiary of Telesat (Nasdaq and TSX: TSAT), has appointed Ronald Thompson Jr. as Vice President of Government Solutions Growth. Thompson, a retired U.S. Air Force Colonel with 26 years of service, will serve as chief growth officer leading business development strategies for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network.

Thompson brings nearly four decades of experience, including recent roles as VP of Business Development at LinQuest Corp and senior positions at Raytheon Intelligence & Space, SSL Federal, and other industry leaders. His appointment aims to expand government user adoption of Telesat's LEO SATCOM solutions across military, intelligence, and civil agencies.

Chuck Cynamon, President of Telesat Government Solutions, highlighted Thompson's expertise in delivering mission-critical solutions to government partners. Thompson expressed commitment to advancing the adoption of strategic communication systems among U.S. government and Allies.

Telesat (TSAT) has secured a significant multi-year contract with Viasat Inc. for its Telesat Lightspeed Low Earth Orbit (LEO) services. Viasat will integrate Telesat Lightspeed into its services portfolio for aviation, maritime, enterprise, and defense markets.

The thousands of aircraft equipped with Viasat GM-40 antennas will be able to access the Telesat Lightspeed network when global services launch in late 2027. The system will provide high-speed, low-latency broadband globally, including polar regions, with enterprise-grade Service Level Agreements (SLAs).

The network features advanced cybersecurity standards with Zero-Trust Network Access architecture and is built to telecom Carrier Ethernet standards for seamless integration.