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Telesat delayed global Lightspeed service from end of Q1, 2028 to end of Q2, 2028. Full-year Lightspeed spending guidance fell to $1.1 billion to $1.3 billion from $1.3 billion to $1.5 billion.
Telesat reported Q3 consolidated revenue of $81 million and adjusted EBITDA of $12 million; nine-month net loss was $867 million. It signed a $2.7 billion, 15-year ESCP-P agreement and expects Lightspeed spending of $1.1 billion to $1.3 billion.
Telesat Corporation said approximately $3.1 billion of Telesat GEO debt matures in December 2026, June 2027 and October 2027, creating substantial doubt about its ability to meet obligations as they become due.
