Canada-based satellite operator Telesat has sold its Infosat Communications subsidiary which specialised in remote satellite services. Infosat has been acquired by Calgary-based Network Innovations, with some 300 employees, for an undisclosed sum. However, Telesat’s president & CEO Dan Goldberg had earlier hinted that it would raise about C$10 million (€6.67m) by selling a non-core division. […]

Ottawa-based Telesat’s planned Lightspeed low Earth orbiting mega-constellation is moving ahead. MDA, which is the prime contractor on the project, has selected Germany-based Tesat-Spacecom to manufacture 792 laser terminals for the 198-satellite system. Tesat is an independent operating subsidiary of Airbus Defense & Space. Earlier this year Tesat announced that it was expanding its factory […]

Ottawa-based geostationary satellite operator Telesat reported an underwhelming set of Q1 numbers. Every key metric showed a decline in revenues. Overall revenue was down a worrying 17 per cent year-on-year to C$152 million (€103.1m) for the three months to March 31st. “The decrease was primarily due to a reduction of services and lower rate on […]

Ottawa-based satellite operator Telesat has reported it is under further pressure from its declining DTH video business but maintained its formal guidance for this year’s revenue and profit targets. However, the disappointing results sent its share price tumbling 11 per cent despite some optimism for the company’s transition to a LEO operator. April 1st brought […]

Ottawa-based satellite operator Telesat’s CEO Dan Goldberg told delegates to the Washington Satellite 2024 event that Telesat was not restricting its ambitions to the 198-craft Lightspeed mega-constellation of low Earth orbiting satellites. “Is 198 satellites enough? Yes, certainly to get started,” Goldberg stated. “With 198 satellites we’ll have terabytes and terabytes of fully global, highly […]

Arabsat’s CEO Alhamedi Alanezi says the satellite operator’s revenues for last year exceeded $200 million (€182.9m). Alanezi said that the company’s expansion plans could be funded from its own resources without the need to raise debt. Arabsat also announced that it has signed a MoU with Canada-based Telesat. The partnership aims to leverage Arabsat’s expertise […]

Avanti Communications has announced the signing of a Memorandum of Understanding (MOU) with satellite operators Telesat to test and develop LEO services as part of its global strategy to deliver multi-orbit solutions to customers at scale. Avanti plans to incorporate Telesat’s Lightspeed services into its network to provide affordable broadband connectivity worldwide. Telesat’s global network […]

Investment bank BNPP, in a major examination of three key satellite operators and their share prices, says SES, Eutelsat and Telesat have remained under pressure – with only Telesat making some modest headway because of its progress with its Lightspeed low Earth orbit constellation. In a self-examination of what it got right (and wrong) in […]

Ottawa-based satellite operator Telesat says it is ramping up its investment in its Lightspeed low Earth orbiting fleet and helped by C$2 billion (€1.3bn) of funds coming from Canadian government and provincial sources. Lightspeed, an initial 156-craft fleet and which could be extended by an extra 100 craft, is costed at C$3.5 billion. Telesat says […]

Telesat of Canada – six years since the company was granted FCC permission to access the US market on the basis that 50 per cent of its 117-satellite constellation would be in orbit – is asking for a further delay of four and a half years. The FCC issued its initial Order permitting Telesat to […]