Telesat prepared to execute FCC Upper C-band transition plan

(TSX: TSAT) Telesat GEO Inc, a subsidiary of Telesat Corporation, is preparing to execute its Upper C-band transition plan following the U.S. Federal Communications Commission's (FCC’s) adoption of its Upper C-band Report and Order. The Order establishes the framework for repurposing 160 MHz of Upper C-band spectrum in the contiguous United States for next-generation terrestrial wireless services. Telesat GEO Inc. is eligible to receive US$189 million in incentive payments, contingent upon meeting the specified transition deadlines. The FCC's Order also confirms reimbursement of reasonable and necessary transition costs as approved by the clearinghouse. Satellite operators are required to submit transition plans by November 5, 2026, outlining the steps necessary to clear the designated spectrum. Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds.

Canadian Armed Forces selects Telesat Lightspeed for Mil-Ka-band component of ESCP-P Arctic military communications program

(TSX: TSAT) Telesat LEO ULC, a subsidiary of Telesat Corporation, announced that it has reached an agreement in principle with Canada’s Defence Investment Agency for Telesat Lightspeed services to deliver secure Military Ka-band (Mil-Ka) Arctic connectivity to the Canadian Armed Forces for the Enhanced Satellite Communications Project – Polar (ESCP-P) program. The agreement builds on the Strategic Partnership Agreement announced in late 2025 between the Defence Investment Agency, Telesat, and MDA Space for the ESCP-P program. Telesat expects to deliver secure, Mil-Ka connectivity across Canada’s Arctic region, spanning 65 degrees to 90 degrees North latitude. The program will include end-to-end network integration services, including user terminals, ground and control infrastructure, training, and support services. The agreement is subject to the execution of a definitive contract by the parties, which Telesat expects to be completed in the coming weeks. Telesat intends to share more detailed information about the expected financial impact of this agreement following execution. The anticipated definitive contract will not impact the timing of Telesat Lightspeed global service delivery, which remains on track for Q1 2028.

Telesat donates satellite capacity to support Venezuela’s recovery efforts

(TSX: TSAT) Telesat GEO Inc., a subsidiary of Telesat Corporation, announced the donation of high-power satellite capacity to Top Comunications, a leading Venezuelan telecommunications company, to support disaster recovery efforts in Venezuela following last week’s devastating earthquakes. Top Comunications will use the high throughput capacity on Telstar 19 VANTAGE to enable faster restoration of critical communications infrastructure and support emergency coordination and public safety operations for government entities, first responders, and mobile network operators. Glenn Katz, Telesat’s Chief Commercial Officer, stated that satellite connectivity plays a critical role in the aftermath of a natural disaster. Telesat is described as one of the largest and most innovative global satellite operators, backed by a legacy of engineering excellence, reliability, and industry-leading customer service. The company’s Telesat Lightspeed Low Earth Orbit (LEO) satellite network has been optimized to meet the rigorous requirements of telecom, government, maritime, and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure, and resilient links with fibre-like speeds. No specific financial figures, revenue, or production volumes are disclosed in the announcement.

Telesat reports results for the quarter ended March 31, 2026

Telesat (TSX:TSAT) reported its financial results for the three months ended March 31, 2026, showing consolidated revenue of $87 million, a 25% decrease compared to the prior year, and adjusted EBITDA of $35 million, down 48%. The company recorded a net loss of $151 million for the quarter, compared to a $51 million loss in the prior year, primarily due to lower revenue and a non-cash goodwill impairment loss in the GEO segment. Telesat has invested approximately $2.7 billion in the Telesat Lightspeed program to date and expects global commercial service to commence around the end of Q1 2028. The company executed a contract with Northwestel for Lightspeed service in Nunavut and is maintaining its 2026 financial guidance.