Telesat Corporation, a satellite operator, provides mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services, such as satellite capacity, digital encoding of video channels, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also provides satellite capacity and end-to-end services, including space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; and rural telephony to telecommunications carriers and network services integrators. In addition, it offers broadband communication services to maritime and aeronautical markets comprising commercial airplanes and vessels; services to the U.S. government through government service integrators, and satellite services to the Canadian government; and direct-to-consumer broadband services. Further, the company operates satellite and hybrid satellite/terrestrial networks; and communications services for the oil and gas and mining industries. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, satellite control, and research and development services. The company offers its services primarily through a direct sales force. As of December 31, 2021, it operated a fleet of 14 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was founded in 1969 and is headquartered in Ottawa, Canada.
IPO Year:
Exchange: NASDAQ
Website: https://www.telesat.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $9.00 | Hold | Deutsche Bank |
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Deutsche Bank initiated coverage of Telesat with a rating of Hold and set a new price target of $9.00
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OTTAWA, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced a strategic partnership agreement among the Government of Canada, Telesat Corporation and MDA Space to develop and deliver a multi-frequency, Arctic military satellite communications (MILSATCOM) capability to the Canadian Armed Forces. Leveraging over 55 years of satellite engineering and operations excellence, Telesat will play a pivotal role in delivering a state-of-the-art MILSATCOM architecture for Canada's Enhanced Satellite Communications Project – Polar (ESCP-P). The narrowband and wideband solution will strengthen and safeguar
OTTAWA and SAN FRANCISCO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced an expanded relationship with Farcast, a San Francisco-based startup that is building advanced satellite User Terminals. Under the new agreement, Farcast will deliver an enterprise-class Flat Panel Antenna (FPA) User Terminal that is fully integrated with the Telesat Lightspeed modem and ready for volume production. Additionally, Telesat is making a US$5 million equity investment in Farcast and will take a seat on Farcast's board of directors to support the company's alignment with the goals of the Telesat Lightspeed
OTTAWA, Ontario, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "I am pleased with our performance thus far in 2025," commented Dan Goldberg, Telesat's President and CEO. "Our Telesat Lightspeed team continues to make good progress on both the engineering and commercial fronts, as we work toward an initial satellite launch late next year and toward further expanding our $1.1 billion Telesat Lightspeed
OTTAWA, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Tuesday, November 4, 2025, at 10:30 a.m. EST to discuss its financial results for the three and nine month periods ended September 30, 2025. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: The toll-free dial-in number for the teleconference is +1-800-715-9871. Callers outside of North America should dial +1-646-307-1963. The access code is 915943
OTTAWA, Ontario and TIMMINS, Ontario, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, and Timmins Economic Development today announced that Telesat purchased a land plot on Laforest Road from the City of Timmins. This site will serve as a Landing Station to connect data from its advanced LEO satellite network, Telesat Lightspeed, to terrestrial Points of Presence and fibre in Northern Ontario. Telesat Lightspeed, the largest space program in Canada's history, will help bridge the digital divide by extending the reach of terrestrial telecom networks in rural and remote communities. Additionally, it is expe
OTTAWA, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, and Calian Group Ltd. (TSX:CGY), a trusted provider of mission-critical solutions for defence, space, healthcare and other critical infrastructure sectors, today announced an engagement to develop the operational data platform for the Telesat Lightspeed Low Earth Orbit (LEO) network. Calian will design, develop, integrate, and deploy the Telesat Lightspeed Operational Data Platform, which will form the secure, real-time data backbone across Telesat's LEO satellite constellation, Landing Stations and User Terminals. "Calian's expertise in designing
OTTAWA, Ontario, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced that it has completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary of Telesat Corporation. The indirect subsidiary is wholly-owned by Telesat Canada's parent entities and is a non-guarantor under Telesat Canada's debt documents. There are no changes to the Company's operations as a result of this transaction. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX:TSAT) is one of the largest a
OTTAWA, Ontario, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of Donald Tremblay as its new Chief Financial Officer (CFO), effective October 20, 2025. A highly experienced CFO, Mr. Tremblay brings over 35 years of financial expertise and leadership, including at publicly listed companies in high-growth, capital intensive industries. He has deep experience in equity and debt capital market transactions, mergers and acquisitions, compliance, and risk management. Mr. Tremblay will be succeeding Andrew Browne, who announced in March of this year that he would be retiring afte
OTTAWA, Ontario, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and six-month periods ended June 30, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "I am pleased with our performance in the first half of this year. We're making strong progress on the Telesat Lightspeed technical and commercial fronts, and continuing our disciplined execution in our GEO segment," commented Dan Goldberg, Telesat's President and CEO. "The Telesat Lightspeed backlog stands at over $1 billion, and we remain foc
OTTAWA, Ontario, July 30, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Wednesday, August 6, 2025, at 10:00 a.m. EDT to discuss its financial results for the three and six month periods ended June 30, 2025. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com/) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: The toll
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OTTAWA, Ontario, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "I am pleased with our performance thus far in 2025," commented Dan Goldberg, Telesat's President and CEO. "Our Telesat Lightspeed team continues to make good progress on both the engineering and commercial fronts, as we work toward an initial satellite launch late next year and toward further expanding our $1.1 billion Telesat Lightspeed
OTTAWA, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Tuesday, November 4, 2025, at 10:30 a.m. EST to discuss its financial results for the three and nine month periods ended September 30, 2025. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: The toll-free dial-in number for the teleconference is +1-800-715-9871. Callers outside of North America should dial +1-646-307-1963. The access code is 915943
OTTAWA, Ontario, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and six-month periods ended June 30, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "I am pleased with our performance in the first half of this year. We're making strong progress on the Telesat Lightspeed technical and commercial fronts, and continuing our disciplined execution in our GEO segment," commented Dan Goldberg, Telesat's President and CEO. "The Telesat Lightspeed backlog stands at over $1 billion, and we remain foc
OTTAWA, Ontario, July 30, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Wednesday, August 6, 2025, at 10:00 a.m. EDT to discuss its financial results for the three and six month periods ended June 30, 2025. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com/) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: The toll
OTTAWA, Ontario, May 06, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three month period ended March 31, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "I am pleased with our performance in the first quarter of this year, including our disciplined execution in our GEO business and the excellent progress we are making on the Telesat Lightspeed technical and commercial fronts," commented Dan Goldberg, Telesat's President and CEO. "Our recently-announced contract with Viasat, along with the Or
OTTAWA, Ontario, April 29, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Tuesday, May 6, 2025, at 10:30 a.m. EDT to discuss its financial results for the three month period ended March 31, 2025. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: The toll-free dial-i
OTTAWA, Ontario, March 27, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and twelve-month periods ended December 31, 2024. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. "Telesat achieved a great deal in 2024 and I'm pleased with our financial performance and, more importantly in terms of our future, the tremendous progress we made in moving Telesat Lightspeed, our advanced Low Earth Orbit (LEO) satellite program, forward," commented Dan Goldberg, Telesat's President and CEO. "Our financial results refl
OTTAWA, Ontario, March 21, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, March 27, 2025, at 10:30 a.m. EDT to discuss its financial results for the three and twelve month periods ended December 31, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions: T
OTTAWA, Ontario, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted. "The third quarter showed strong progress in our build-out of Telesat Lightspeed, our state-of-the-art Low Earth Orbit (LEO) constellation," commented Dan Goldberg, Telesat's President and CEO. "During the quarter, we concluded our funding arrangements with the governments of C
OTTAWA, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, November 14, 2024, at 10:30 a.m. EST to discuss its financial results for the three month and nine month periods ended September 30, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions:
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OTTAWA, Ontario, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of Donald Tremblay as its new Chief Financial Officer (CFO), effective October 20, 2025. A highly experienced CFO, Mr. Tremblay brings over 35 years of financial expertise and leadership, including at publicly listed companies in high-growth, capital intensive industries. He has deep experience in equity and debt capital market transactions, mergers and acquisitions, compliance, and risk management. Mr. Tremblay will be succeeding Andrew Browne, who announced in March of this year that he would be retiring afte
OTTAWA, Ontario, June 19, 2025 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX:TSAT) ("Telesat" or the "Company"), one of the world's largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 17th virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows: Director NomineeVotes ForVotes Withheld(a) Michael Boychuk47,936,239986,534(b) Jane Craighead46,146,9742,775,795(c) Richard Fadden47,932,02
ARLINGTON, Va., April 22, 2025 (GLOBE NEWSWIRE) -- Telesat Government Solutions, a wholly-owned subsidiary of Telesat (Nasdaq and TSX:TSAT), today announced Ronald Thompson Jr., Colonel (retired), USAF, as Vice President of Telesat Government Solutions Growth. In this strategic role, Mr. Thompson will function as the chief growth officer, leading the business growth strategies and business development team for the company, with a mission of expanding the government user community for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network. Mr. Thompson offers a wealth of expertise, exceptional insight, and strong leadership gained throughout his distinguished career spanning nearly
Michel Forest to succeed David Wendling as Chief Technology OfficerAsit Tandon joins as Chief Network and Information Officer OTTAWA, Ontario, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced that Michel Forest will be its new Chief Technology Officer following the retirement of David Wendling at the end of February 2025. In this role, Mr. Forest will report to Dan Goldberg, Telesat's President and CEO, and oversee Telesat's satellite operations, satellite and systems engineering, launch activities and program management. Serving most recently as Telesat's Vice President of LEO System
OTTAWA, Ontario and ARLINGTON, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of Charles "Chuck" Cynamon as its new President of Telesat Government Solutions, a wholly-owned subsidiary of Telesat that provides resilient and secure satellite solutions to the U.S. Government civil, military and intelligence sectors. Mr. Cynamon brings deep knowledge, expertise and leadership acumen from over 24 years of service in the U.S. Air Force and a subsequent decade working with leading space and satellite enterprises. Most recently he was Senior Vice President at LinQuest Corpor
OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of recently retired Brigadier-General G. Michael Adamson as the company's new Senior Director of Defence Strategy and Business Development. In this role, BGen (Ret'd) Adamson will work to expand and execute the government go-to-market and business development strategy for the Telesat Lightspeed low earth orbit (LEO) network, with an emphasis on Canada, the U.S. and other allied nations. "The Telesat Lightspeed constellation will transform connectivity in a variety of enterprise industries, but particularly in the govern
OTTAWA, June 20, 2024 (GLOBE NEWSWIRE) -- Telesat Corporation (TSX:TSAT) ("Telesat" or the "Company"), one of the world's largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company, the amendment to the Company's Omnibus Plan to increase the number of Class A Common Shares and Class B Variable Voting Shares available for issuance under the Omnibus Plan and the election of each of the director nominees as follows: Di
OTTAWA and ARLINGTON, Va., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Telesat (TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of Philip Harlow as President of Telesat Government Solutions, a U.S.-incorporated, wholly-owned subsidiary of Telesat that is focused on providing resilient and secure satellite solutions to the U.S. Government and allied nations. With over 25 years of leadership experience, Mr. Harlow joins Telesat Government Solutions with deep knowledge and expertise in delivering SATCOM solutions to government users, including the U.S. Department of Defense and law enforcement and emergency services personnel. He most rece