Satellite Fleet and Services - Telesat's GEO satellite fleet consists of 14 satellites, providing global coverage with a focus on the Americas, generating significant cash flows and maintaining a leading position in the satellite services market [339]. - For the year ended December 31, 2024, Telesat's broadcast services accounted for approximately 48% of total revenues, while enterprise services contributed about 47% [343]. - Telesat's consulting services contributed approximately 5% of total revenues for the year ended December 31, 2024, serving businesses and governments in over 40 countries [347]. - The company operates a primary Satellite Control Center in Ottawa, Ontario, managing 11 owned satellites and providing telemetry, tracking, and control services [353]. - Telesat Lightspeed is designed to provide fast, reliable, and secure broadband connectivity globally, targeting enterprise and government users who require fiber-like connectivity [330]. Revenue and Market Opportunities - Revenue breakdown for 2024 shows North America at $471.1 million, Asia and Australia at $36.5 million, Latin America and the Caribbean at $32.0 million, and Europe, the Middle East, and Africa at $31.5 million [344]. - Telesat's total addressable market (TAM) for GEO business is projected to reach approximately US$15.6 billion by the end of 2025, while the TAM for LEO is estimated at US$425 billion in 2025, expected to nearly double by 2032 [366]. - The enterprise and telecom market opportunity for LEO is estimated to be around US$415 billion in 2025, growing at a 7% annual rate to approximately US$575 billion by 2030 [368]. - The aviation market opportunity addressable by LEO is projected to be US$7 billion in 2025, with an anticipated growth rate of 15% annually, reaching US$15 billion by 2030 [376]. - The maritime market opportunity for LEO satellite constellations is expected to reach about US$3 billion in 2025, growing at a 7% annual rate to US$5 billion by 2030 [380]. Demand and Connectivity Solutions - Global broadband demand is forecasted to grow from 160 exabytes per month in 2023 to 563 exabytes per month in 2029, representing a 23% compound annual growth rate [361]. - Telesat Lightspeed is designed to provide low latency and high throughput, addressing the connectivity needs of underserved areas, including over three billion people lacking adequate broadband access [362][370]. - Telesat Lightspeed aims to deliver fiber-like connectivity to high-demand areas, including airports and seaports, to meet concentrated demand for connectivity [369]. - The flexible architecture of Telesat Lightspeed will allow dynamic allocation of capacity to any plane or maritime vessel globally, enhancing service delivery [379][383]. - Telesat's focus on enterprise and telecom markets will initially prioritize backhaul services, with potential future expansion into direct-to-consumer services as technology evolves [372]. Government and Regulatory Engagement - The company plans to leverage government programs aimed at improving connectivity in remote areas, such as the US$20 billion Rural Digital Opportunity Fund and the US$42 billion Broadband Equity, Access, and Deployment program [374]. - The government market opportunity for Telesat Lightspeed is estimated to be approximately US$1.8 billion in 2025, growing at an annual rate of 23% to reach about US$5.2 billion by 2030 [385]. - The U.S. government is the largest user of commercial satellite communications, primarily for DoD operations, which are expected to increase global requirements for such services [386]. - Telesat has established contracts with various U.S. government agencies, including DARPA and the U.S. Space Development Agency, indicating strong interest in Telesat Lightspeed as a commercial satellite solutions provider [408]. Financial and Investment Aspects - Telesat has secured funding of up to approximately US$2 billion from the Canadian federal and Quebec provincial governments, along with US$1.6 billion in equity contributions, to support the Telesat Lightspeed program [395]. - An agreement with the Government of Canada will provide Telesat with $600 million over ten years to enhance internet connectivity in rural and underserved areas, expected to generate a total of $1.2 billion for Telesat [397]. - Telesat Lightspeed has received approximately US$2 billion in financing to support its operations and bridge the digital divide in Canada [417]. Technological Innovations - Telesat Lightspeed will feature advanced phased array antennas capable of dynamically focusing multiple Gbps of capacity into demand hotspots, enhancing service delivery [401]. - The Telesat Lightspeed network will provide true global coverage from pole to pole, fulfilling the needs of government and mobility markets [404]. - The Telesat Lightspeed system is designed to offer low latency, with data traveling approximately 20 times faster than GEO satellites, enhancing competitiveness in the satellite broadband market [404]. - Telesat Lightspeed demonstrated effective backhaul transport for mobile network operators with round trip latency of 18-40 milliseconds during testing, among the lowest for satellite broadband connections [412]. Competitive Landscape - Telesat competes with major satellite operators like SpaceX and Eutelsat, leveraging its innovative architecture and advanced technology to maintain a competitive edge in the market [411]. Regulatory Compliance and Risk Management - Telesat has extensive experience in regulatory compliance, crucial for operating and commercializing a satellite network [417]. - The company is required to maintain satellite insurance under the covenants of its Senior Secured Credit Facilities, applicable only to GEO satellites [467]. - Telesat plans to purchase transport insurance for its Telesat Lightspeed program to cover satellites after shipment from the manufacturer [469]. - Telesat's risk management program includes on-board redundancies and oversight of satellite manufacturing to reduce the risk of failures and lower insurance costs [464]. Legal and Tax Matters - Telesat Canada is involved in a contract dispute with Shaw regarding payments for services on the Anik F2 satellite, claiming damages of $45 million for breach of contract [477]. - The total disputed tax amount with Brazilian authorities for the period 2002 to 2021 is $93.5 million, including interest and penalties [478]. - The Canadian tax authorities previously reassessed Telesat for $13.1 million related to transfer pricing issues, which was reversed in late 2023, resulting in a tax refund [479]. - Telesat believes the likelihood of a favorable outcome in its tax disputes is more likely than not, and no reserve has been established for these disputes [479][480]. Environmental and Insurance Considerations - Telesat is subject to various environmental laws and regulations but is not aware of any material environmental matters outstanding or threatened [482]. - The satellite insurance market has deteriorated in 2024, leading to significant premium rate increases and additional coverage restrictions [472]. - Regulatory bodies in various countries are considering new regulations for sustainable satellite operations, which may impact Telesat's future compliance requirements [483].

Core Insights - Telesat and ADN Telecom have entered a multi-year partnership to provide Telesat Lightspeed low earth orbit (LEO) connectivity solutions in Bangladesh and South Asia [1][3] - Telesat's LEO network is designed to meet the connectivity needs of telecom, enterprise, and government customers, with the first satellite launches expected in the second half of 2026 [2][6] - ADN Telecom will utilize Telesat Lightspeed services to enhance its offerings, participating in early field trials and launching full-time services by late 2027 [3][4] Company Overview - Telesat is recognized as one of the largest and most innovative satellite operators globally, with over 55 years of experience in satellite operations and engineering [2][5] - ADN Telecom is a leading telecommunications provider in Bangladesh, known for its advanced infrastructure and commitment to delivering next-generation digital services [7][8] Partnership Details - The partnership will enable ADN Telecom to manage and deliver customized connectivity solutions for various sectors, including enterprise, maritime, and government [3][4] - Telesat's LEO services will be integrated with ADN's terrestrial network, expanding the reach of ADN's offerings both locally and internationally [4] Future Developments - Telesat Lightspeed aims to redefine satellite connectivity with high-capacity, secure, and resilient links that offer fiber-like speeds [6] - Both companies will collaborate to secure local regulatory approvals for the deployment of Telesat Lightspeed services in Bangladesh [4]

Core Viewpoint - Telesat is set to discuss its financial results for the year ending December 31, 2024, in a conference call scheduled for March 27, 2025, highlighting its position as a leading satellite operator in the industry [1]. Group 1: Conference Call Details - The conference call will be hosted by Telesat's President and CEO, Daniel S. Goldberg, and CFO, Andrew Browne [1]. - A news release containing financial results will be posted on Telesat's website prior to the call [2]. - The toll-free dial-in number for the teleconference is +1 800 952 5114, with an access code of 1687079 [2]. Group 2: Webcast and Replay Information - The conference call can also be accessed via a listen-only webcast [3]. - A replay of the teleconference will be available one hour after the call until April 10, 2025 [4]. Group 3: Company Overview - Telesat is recognized as one of the largest and most innovative global satellite operators, focusing on delivering critical connectivity solutions [5]. - The company is advancing its Telesat Lightspeed network, which aims to provide high-capacity, secure, and resilient satellite connectivity with fibre-like speeds [6].

Telesat Lightspeed Landing Station will be hosted at Orange’s teleport in Bercenay-en-Othe France, with the provision of ground connectivity to Telesat’s PoP.Long-term partnership includes capacity from the Telesat Lightspeed Low Earth Orbit (LEO) constellation for integration into Orange Wholesale’s portfolio of solutions for businesses and telecom operators. WASHINGTON, March 11, 2025 (GLOBE NEWSWIRE) -- Orange, one of the world’s leading telco operators and digital service providers, and Telesat (Nasdaq ...

Core Points - Telesat and Space Norway have signed a Term Sheet for Telesat Lightspeed Low Earth Orbit (LEO) connectivity services, marking a significant partnership in satellite communications [1][5] - Space Norway aims to integrate a multi-Gbps Telesat Lightspeed capacity pool into its service offerings, enhancing secure, low-latency connectivity for various sectors including defense and enterprise [2][4] - The Telesat Lightspeed network is designed with a Zero-Trust Architecture and strict cybersecurity standards, ensuring resilient communications for Norway and allied partners in the Arctic region [3][7] Company Overview - Telesat is recognized as one of the largest and most innovative global satellite operators, focusing on delivering critical connectivity solutions to address complex communication challenges [6] - Space Norway is a leading satellite operator in Northern Europe, providing advanced satellite solutions across various sectors including government, defense, and commercial industries [8][9] Strategic Importance - The partnership with Telesat is seen as a natural progression in Space Norway's multi-orbit strategy, leveraging advanced architecture and inter-satellite links to meet national security and privacy standards [4][5] - Telesat Lightspeed is positioned to redefine global satellite connectivity with high-capacity, secure, and resilient links, catering to the rigorous demands of telecom, government, maritime, and aeronautical customers [7]

WASHINGTON, March 10, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, and QEST Quantenelektronische Systeme GmbH ("QEST"), one of the leading suppliers of antennas for aeronautical connectivity, today announced the signing of a development contract for a Telesat Lightspeed Aero Flat Panel Antenna (FPA). Under the terms of the agreement, QEST will extend their patented FPA antenna technology for Telesat Lightspeed, including the deve ...

OTTAWA, Ontario and PYEONGTAEK, South Korea, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Intellian, a global leading provider of satellite communication antennas and ground gateway solutions, today announced a contract award for Intellian to design and manufacture Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation. Under this agreement, fully optimized Ka-band LEO flat ...

Scholarship recipients to reflect Canada’s broad diversity and Telesat’s commitment to advancing careers in engineering and technologyOTTAWA, Ontario, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced the company is accepting applications for its two marquee scholarship programs—the fifth annual National Women in Technology and Engineering scholarship program and third annual Fellowship for Indigenous Youth p ...

Leadership Changes - Michel Forest will succeed David Wendling as Chief Technology Officer (CTO) at Telesat, overseeing satellite operations, satellite and systems engineering, launch activities, and program management [5][7] - Asit Tandon joins Telesat as Chief Network and Information Officer, responsible for the terrestrial elements of the Telesat Lightspeed network, including Network Operations systems, facilities, and corporate IT systems [2][7] Telesat Lightspeed Program - Telesat Lightspeed is a state-of-the-art Low Earth Orbit (LEO) satellite network designed to meet the connectivity demands of telecom, government, maritime, and aeronautical customers [3] - The network aims to provide ubiquitous, affordable, high-capacity, secure, and resilient links with fibre-like speeds, redefining global satellite connectivity [3] Executive Expertise - Michel Forest brings extensive experience from his role as Vice President of LEO System Engineering at Telesat, where he led the architecture and system performance of the Telesat Lightspeed constellation [1] - Asit Tandon has a distinguished career in planning, deploying, and operating telecom networks, with leadership roles at Rogers Communications, Hutchison-3 Indonesia, Bharti Airtel, and Siemens Ltd [2] Company Overview - Telesat is one of the largest and most innovative global satellite operators, with a 55-year track record of revolutionizing satellite connectivity [4] - The company collaborates with customers to deliver critical connectivity solutions that address complex communications challenges, driving profitable growth [4]

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 ...