NSSLGlobal and Telesat Announce Strategic Co-operation Agreement for Telesat Lightspeed LEO Network

NSSLGlobal, a leading independent service provider of satellite communications to the government and maritime industry and Telesat, one of the world’s largest and most innovative satellite operators, have today signed a long-term strategic co-operation agreement to collaborate on the commercial and technical aspects of Telesat’s new Low Earth Orbit (LEO) constellation, Telesat Lightspeed, initially consisting of a global mesh network of 298 state-of the-art LEO satellites that are seamlessly integrated with on-ground data networks.  Telesat Lightspeed will be the world’s most advanced LEO network, optimized to serve the critical connectivity requirements of enterprise, government and mobility customers.

Telesat to receive $1.44 billion through Government of Canada investment, a major milestone towards completing the financing of Telesat Lightspeed

Telesat, one of the world’s largest and most innovative satellite operators, announced today that it expects to receive a $1.44 billion investment from the Government of Canada to support Telesat Lightspeed, the world’s most advanced Low Earth Orbit (LEO) satellite network. This investment will drive economic growth and innovation in Canada and help ensure affordable broadband Internet and LTE/5G connectivity for all Canadians.

Telesat Reports Results for the Quarter Ended March 31, 2021

OTTAWA, CANADA, May 14, 2021 – Telesat today announced its financial results for the three-month period ended March 31, 2021. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.