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Telesat First Quarter 2024 Earnings Conference Call

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Venerdì, Maggio 3, 2024

OTTAWA, May 03, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, has scheduled a conference call on Friday, May 10, 2024 at 10:30 a.m.

Key Points:

OTTAWA, May 03, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, has scheduled a conference call on Friday, May 10, 2024 at 10:30 a.m.
ET to discuss its financial results for the three month period ended March 31, 2024.
The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.
In the event of technical issues, please dial *0 and advise the conference call operator of the company name (“Telesat”) and the name of the moderator (Michael Bolitho).

Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed

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Lunedì, Aprile 1, 2024

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The letter states that, following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest C$2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation.

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The letter states that, following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest C$2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation.
The loan will carry a floating interest rate that is 4.75% above the Canadian Overnight Repo Rate Average (CORRA) with a 15-year maturity.
Interest is payable in-kind during the Telesat Lightspeed construction period, followed by a 10-year sculpted amortization.
Furthermore, Telesat LEO Inc. will provide the GoC with warrants for 10% of the common shares of Telesat LEO based upon an equity valuation for Telesat LEO of US$3 billion.

Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2023

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Giovedì, Marzo 28, 2024

We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.

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We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.
For the quarter ended December 31, 2023, Telesat reported consolidated revenue of $166 million, a decrease of 20% ($41 million) compared to the same period in 2022.
An amount of $344.9 million (US$259.6 million) was recognized during the three months ended June 30, 2023, and was recorded under other operating gains (losses), net and the payment was received in the three months ended September 30, 2023.
ET to discuss its financial results for the three months and one year periods ended December 31, 2023.

Telesat Fourth Quarter 2023 Earnings Conference Call

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Giovedì, Marzo 21, 2024

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ET to discuss its financial results for the three month and one year periods ended December 31, 2023.

Key Points:

ET to discuss its financial results for the three month and one year periods ended December 31, 2023.
The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.
Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website ( www.telesat.com ) under the tab “Investors” and the heading “Investor News”.
In the event of technical issues, please dial *0 and advise the conference call operator of the company name (“Telesat”) and the name of the moderator (Michael Bolitho).

ThinKom and Telesat Expand Agreement for Low Earth Orbit Operations

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Giovedì, Marzo 14, 2024

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The multi-year agreement calls for the organizations to cooperate on the integration and certification of the Ka2517 antenna with an airborne modem to enable communications across the Telesat Lightspeed Ka-band LEO network.

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The multi-year agreement calls for the organizations to cooperate on the integration and certification of the Ka2517 antenna with an airborne modem to enable communications across the Telesat Lightspeed Ka-band LEO network.
“ThinKom is keen to extend its position as the proven leader in airborne, multi-constellation, multi-orbit satellite terminal technology,” said Bill Milroy, ThinKom’s CTO and co-founder.
Telesat Lightspeed can dynamically allocate multiple-Gbps of capacity to areas with high demand, such as congested airport hubs or busy flight routes.
“With a relatively simple modem kit installation, airlines will be able to seamlessly access or transition to Telesat Lightspeed connectivity for ubiquitous coverage and unsurpassed service.”

Avanti Communications Signs Strategic Collaboration Agreement With Telesat as Part of New Multi-Orbit Strategy

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Mercoledì, Febbraio 21, 2024

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Avanti plans to incorporate Telesat’s Lightspeed™ services into its network to provide affordable, high quality broadband connectivity worldwide.

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Avanti plans to incorporate Telesat’s Lightspeed™ services into its network to provide affordable, high quality broadband connectivity worldwide.
Avanti is investing heavily in strategic partnerships and its managed services to meet customers’ requirements in an evolving industry where demand for capacity is growing.
Avanti’s first low-latency LEO constellation agreement will support the execution of Avanti’s new strategy, which is built on a “customer pull” vs. “technology push” model.
The collaboration will be optimised to serve the critical connectivity requirements of Avanti’s enterprise and government customers once the Telesat Lightspeed constellation is operational in 2027.

Telesat Opens Annual Scholarship Programs for Women & Indigenous Students

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Giovedì, Febbraio 15, 2024

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“With these programs we aim to provide women and Indigenous students with access to impactful education and career opportunities while developing STEM talent throughout Canada.”

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“With these programs we aim to provide women and Indigenous students with access to impactful education and career opportunities while developing STEM talent throughout Canada.”
Women in STEM Scholarship Program:
Through the Women in STEM scholarship, Telesat will award $5,000 CAD scholarships to eight full-time undergraduate students pursuing studies in science, technology, engineering and mathematics (STEM).
With this scholarship, Telesat hopes to empower more women to engage in these important, emerging, and high-paying fields.
Telesat intends for this program to reflect Canada’s broad diversity and the company strongly encourages Indigenous, visible minority students, and students with disabilities to apply.
Scholarship Partners Canada (SPC), a division of Universities Canada, administers the scholarship program on behalf of Telesat.

Mage Networks Signs Memorandum of Understanding for Telesat Lightspeed Services

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Mercoledì, Gennaio 17, 2024

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Telesat and Mage Networks will collaborate on integrating commercial and technical aspects of Telesat Lightspeed high-throughput and low latency capacity into its services portfolio.

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Telesat and Mage Networks will collaborate on integrating commercial and technical aspects of Telesat Lightspeed high-throughput and low latency capacity into its services portfolio.
Together they will develop demand and traffic projections and network performance criteria by market segment and define optimal business and operating models, with the objective of contracting Telesat Lightspeed services.
“Mage Networks understands the hardships facing people living in remote communities that don't have the same technological access that others do,” said Dr. Sayed-Amr (Sisso) El-Hamamsy, Co-founder, President and CEO, Mage Networks.
“By integrating Mage Network’s hybrid solutions with Telesat Lightspeed LEO capacity we will be able to deliver reliable, redundant, affordable service to more people, in less time and at reduced cost.”
Through this collaboration, Mage Networks will expand broadband internet services to unserved and underserved communities in Canada, leveraging the Telesat Lightspeed Capacity Pool that was established through a partnership between Telesat and the Government of Canada.

Telesat Selects Aalyria’s Spacetime for Orchestration of Its Revolutionary Telesat Lightspeed Constellation

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Martedì, Novembre 14, 2023

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Telesat Lightspeed satellites will contain leading-edge technologies, including digital beamforming, integrated onboard data processing, and optical inter-satellite links, resulting in better link performance, increased network efficiency, and enhanced flexibility to focus and dynamically deliver reliable capacity to customers.

Key Points:

Telesat Lightspeed satellites will contain leading-edge technologies, including digital beamforming, integrated onboard data processing, and optical inter-satellite links, resulting in better link performance, increased network efficiency, and enhanced flexibility to focus and dynamically deliver reliable capacity to customers.
To help achieve this mission, Telesat is leveraging Aalyria’s unparalleled expertise in all-domain orchestration and management, ensuring seamless integration, optimal performance, and efficient operation of the Telesat Lightspeed network.
“Aalyria’s expertise and heritage with Spacetime align perfectly with our vision for Telesat Lightspeed, and we are confident that this partnership will contribute to the success of this revolutionary network.”
Chris Taylor, CEO of Aalyria, added, “We are excited to partner with Telesat in the development of Telesat Lightspeed, a constellation that is set to redefine the possibilities of global satellite communication.
Aalyria’s Spacetime will play a pivotal role in ensuring the efficient orchestration and management of the network, and we look forward to contributing to Telesat’s success.”

Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2023

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Lunedì, Novembre 6, 2023

For the nine-month period ended September 30, 2023, Telesat reported consolidated revenue of $538 million, a decrease of 3% ($14 million) compared to the same period in 2022.

Key Points:

For the nine-month period ended September 30, 2023, Telesat reported consolidated revenue of $538 million, a decrease of 3% ($14 million) compared to the same period in 2022.
Launch of LEO 3 Demonstration Satellite:
In July 2023, Telesat launched its LEO 3 demonstration satellite, which has successfully completed in-orbit testing.
An amount of $344.9 million (US$259.6 million) was recognized during the three months ended June 30, 2023, and was recorded under other operating gains (losses), net and the payments were received in the three months ended September 30, 2023.
ET to discuss its financial results for the three and nine-month periods ended September 30, 2023.