TSAT Stock Recent News

Telesat Corporation is a global satellite operator based in Ottawa, Canada, with a focus on providing space-based internet services to government and enterprise customers. Telesat's upcoming Telesat Lightspeed broadband low Earth orbit (LEO) constellation is fully funded and expected to be operational by late 2027. The company has a solid financial position, with minimal risk of shareholder dilution and manageable debt, and is projected to generate significant cash flow once Lightspeed is fully deployed.

Telesat Corporation (NASDAQ:TSAT ) Q3 2023 Earnings Call Transcript November 6, 2023 10:30 AM ET Company Participants Michael Bolitho - Director of Treasury and Risk Management Daniel Goldberg - President and Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Walter Piecyk - LightShed Partners Caleb Henry - Quilty Space Arun Seshadri - BNP Paribas Brandon Karsch - Kennedy Lewis Matt Lapides - Abry Partners Operator Good morning, ladies and gentlemen. Welcome to the conference call to report the Third Quarter 2023 Financial Results for Telesat.

Telesat (NASDAQ: TSAT), a prominent satellite operator that offers communication solutions, and SpaceX have announced a comprehensive agreement for multiple launches aimed at placing the Telesat Lightspeed constellation into Low Earth Orbit (LEO). Telesat has partnered with SpaceX for 14 launches using the Falcon 9 rocket to deploy up to 18 Telesat Lightspeed satellites in Low Earth Orbit.

Shares of Canadian telecommunications satellite operator Telesat (NASDAQ: TSAT ) popped sharply on Friday following a decision to swap suppliers for its Lightspeed global internet network. Given the significant cost savings implication, TSAT stock initially popped 50% higher before settling at around 41%.

Telesat reported a small revenue decline, and a really big profit this morning. But that wasn't the best news.

The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.

OTTAWA, Aug. 03, 2023 (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, August 11, 2023, at 9:30 a.m. ET to discuss its financial results for the three month and six month periods ended June 30, 2023. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.

Telesat Corporation (NASDAQ:TSAT ) Q4 2022 Results Conference Call March 29, 2023 10:30 AM ET Company Participants Dan Goldberg - President and Chief Executive Officer Andrew Browne - Chief Financial Officer Michael Bolitho - Director of Treasury and Risk Management Conference Call Participants Walter Piecyk - LightShed Partners Marcello Chermisqui - Ares Management Brandon Karsch - Kennedy Lewis Arun Seshadri - BNP Paribas David Windley - Jefferies Raghav Garg - DoubleLine Group Operator Good morning, ladies and gentlemen. Welcome to the conference call to report the Fourth Quarter 2022 Financial Results for Telesat.

OTTAWA, March 22, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Wednesday, March 29, 2023, at 10:30 a.m. ET to discuss its financial results for the three month and one year periods ended December 31, 2022. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.

Telesat bills itself as one of the world's most innovative satellite operators. I believe that further increase in the use of the internet, 5G, and the demand of IoT could boost the company's business model.