Telesat Statement on Creditor Litigation

Core Viewpoint - Telesat is facing lawsuits from certain creditors regarding the equity distribution of its Telesat Lightspeed business, which the company asserts are without merit and intends to defend vigorously [1][2]. Company Overview - Telesat is recognized as one of the largest and most innovative satellite operators globally, known for its engineering excellence and industry-leading customer service [3]. - The company collaborates with customers to provide critical connectivity solutions that address complex communication challenges, enhancing operations and driving profitable growth [3]. Telesat Lightspeed Program - Telesat Lightspeed is a state-of-the-art Low Earth Orbit (LEO) satellite network designed to meet the connectivity demands of various sectors, including telecom, government, maritime, and aeronautical customers [4]. - The program aims to redefine global satellite connectivity by offering ubiquitous, affordable, high-capacity, secure, and resilient links with fiber-like speeds [4].