Telesat Schedules Conference Call to Discuss 2024 Financial performance

Ottawa, Ontario – March 21, 2025 – Telesat (NASDAQ and TSX: TSAT), a key player in the global satellite communications industry, has announced it will hold a conference call on Thursday, March 27, 2025, at 10:30 a.m. EDT. The purpose of the call is to discuss the company’s financial results for the three-month and twelve-month periods ending December 31, 2024.

This declaration comes at a pivotal time for the company as it continues to develop its Lightspeed Low Earth Orbit (LEO) satellite network, a project poised to revolutionize global internet access, particularly in underserved areas. Investors and industry analysts alike will be keenly listening for updates on the project’s progress, financial performance, and strategic outlook for the coming year.

Telesat’s Strategic Focus and U.S. Market Implications

Telesat’s Lightspeed network represents a critically important departure from customary geostationary satellites. Lightspeed is designed for high-capacity,secure,and resilient connectivity. As Dr. Anya Sharma explained, “Think of it as bringing the speed and reliability of fiber optic cables to places where laying cables is simply not feasible or cost-effective.” This low-latency, high-bandwidth approach provides a stark difference from older satellite services, unlocking many new applications.

The U.S. market is a key target for Telesat, with potential applications spanning rural broadband, government communications, and specific industry solutions. The advantages Telesat’s technology offers in these areas are multifaceted:

• Bridging the Digital Divide: In rural areas, Lightspeed could provide high-speed internet to homes, businesses, and schools, stimulating economic growth and educational opportunities. “This is crucial for states like Alaska and Montana, where the deployment of terrestrial infrastructure is challenging,” Dr. Sharma noted.
• Enhanced Government Interaction: The U.S.government requires secure and resilient dialog networks. Telesat’s LEO network has been designed to meet these stringent requirements. “This is of utmost importance for military operations and in disaster response scenarios,” Dr. Sharma emphasized.
• Specific Industry Solutions: Telesat has a strategic focus on telecom, government, maritime, and aeronautical customers. For the maritime industry, as an example, reliable ship-to-shore communication is essential for navigation, crew welfare, operational efficiency, and safety. Aviation also depends on it.

The potential impact on rural communities is particularly noteworthy. Imagine a farmer in montana being able to access real-time weather data, market prices, and precision agriculture tools, all thanks to reliable satellite internet. Or a student in rural Alaska being able to participate in online classes and access educational resources previously unavailable.

About Telesat

Telesat is a leading global satellite operator, providing critical communications infrastructure to businesses and governments worldwide. With a legacy of innovation and reliability, Telesat is committed to delivering cutting-edge satellite solutions that meet the evolving needs of its customers. The company’s Lightspeed LEO network represents a significant investment in the future of global connectivity, promising to deliver unprecedented levels of performance and security.

Telesat’s U.S.Expansion: Can High-Speed Satellite Internet Close the Digital Divide?

The U.S. expansion of Telesat’s Lightspeed network could revolutionize internet access, particularly in underserved areas. Though, the company faces stiff competition from other players in the LEO satellite market, such as SpaceX and Amazon. To succeed, Telesat must differentiate itself.

Dr. Sharma outlined several key strategies for Telesat to thrive in this competitive landscape:

• Superior Performance and Reliability: Telesat will need to provide a consistently better service in terms of speed, latency, and uptime.
• Enhanced Security: The ability to offer highly secure communications will be a significant differentiator, especially for government and enterprise customers.
• customer Service Excellence: Providing exceptional customer support and tailored solutions will be key.
• Targeted Marketing: Positioning their services effectively to their core customer segments, particularly in the telecom, government, maritime, and aeronautical sectors.

The LEO satellite market is becoming increasingly crowded. to succeed, Telesat must differentiate itself. The company’s focus on security could be a major selling point, particularly for government and military applications. The U.S. military, such as, relies on secure and reliable communication networks for its operations around the world. Telesat’s Lightspeed network could provide a valuable alternative to traditional terrestrial networks, offering greater resilience and security.

The broader implications of Telesat’s U.S. expansion are significant.”Telesat’s expansion is a critical step toward realizing the full potential of satellite technology for closing the digital divide,” Dr. Sharma stated.

Here’s a look at the potential benefits:

• Increased Competition and Innovation: More players in this space will spur innovation, leading to better, faster, and more affordable internet access.
• Economic Empowerment: High-speed internet enables economic opportunities in underserved areas, allowing businesses to thrive and individuals to participate more fully in the digital economy.
• Resilience and Redundancy: A diversified communication infrastructure, that includes LEO satellites, enhances the resilience of the overall network, ensuring that critical services remain available even during disasters or other disruptions.
• Global Connectivity: Satellite technology will greatly contribute to global inclusion, eventually connecting communities in even the most remote areas of the world, as the current GEO satellites do.

The development of satellite technology, especially LEO, is a significant step forward in the ongoing effort to achieve global connectivity everywhere. As Dr.Sharma concluded, “Keep an eye on what Telesat is doing, but also understand how to apply the lessons learned from their success. They are a major player in a changing field.”

The expansion of Telesat’s Lightspeed network could revolutionize internet access in the U.S., bridging the digital divide and enhancing government and commercial communications. Let us know your thoughts and if you have further questions in the comments section below!