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Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Canada’s ENCQOR 5G today announced a new strategic partnership. Through a shared promise from public and private sector industry leaders to advance 5G technology forward, investment and collaboration in an ultra-high-speed communications infrastructure will not only enable further developments and innovation of 5G and next-generation digital communication technologies, but will also drive economic growth for Canada and bring internet connectivity to the entire nation, including in both rural and urban areas.

Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators and SatixFy, a leading provider of next-generation satellite communication and space systems based on in-house developed ASICs, today announced an agreement to deploy SatixFy baseband modem equipment for Telesat Lightspeed gateway earth stations throughout the world. The SatixFy advanced Sx3099 landing station modems will be capable of processing up to 1.6 GHz of bandwidth in each direction, supporting 10 wideband carriers, uplink power control (UPC) and adaptive coding and modulation (ACM), and network data processing. Each landing station antenna will be capable of transmitting approximately 12 Gbps on the forward link and receiving approximately 6 Gbps on the return link.

Telesat Corporation announced today that it is now a public company and will begin trading on the Nasdaq Global Select Market (“NASDAQ”) and the Toronto Stock Exchange (“TSX”) under the ticker symbol “TSAT”. This follows the closing of Telesat’s previously announced transaction with Loral Space & Communications Inc. (“Loral”) and Public Sector Pension Investment Board (“PSP Investments”) (the “Transaction”), in which Loral’s stockholders and Telesat Canada’s other equityholders have exchanged their interests for equity in Telesat’s new public holding structure.  Telesat did not issue new equity to raise additional cash financing as part of the Transaction.

Telesat today announced its financial results for the three and nine-month periods ended September 30, 2021. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.

Telesat, one of the world’s largest and most innovative satellite operators, today announced the appointment of industry leader Glenn Katz as Chief Commercial Officer (CCO). In addition, Tom Eaton, previously Telesat’s Vice President of International Sales, is moving to the role of President of Telesat Government Solutions – a US-incorporated, wholly-owned subsidiary of Telesat.