Progress in LEO Segment
Telesat is making strong progress on the development of satellites, ground infrastructure, and software for its LEO network, with the first launch planned for late next year.
Capital Structure Optimization
In September, Telesat distributed 62% of the equity in Telesat Lightspeed to a wholly-owned subsidiary, aiming to optimize the company's capital structure and enhance financing options.
Successful Debt Reduction
Interest expense in the third quarter decreased by $5 million compared to the same period in 2024, with a cumulative principal amount of debt repurchases at $857 million, resulting in interest savings of approximately $53 million annually.
Partnership and Investment in User Terminal Portfolio
Telesat announced a partnership and investment in Farcast to enhance its planned user terminal portfolio for the Lightspeed constellation.