Telesat and Hanwha Systems Sign Collaboration MOU
Telesat and Hanwha Systems announced the signing of a memorandum of understanding to jointly collaborate on next-generation, sovereign satellite connectivity solutions, as well as user terminals that will be compatible with Telesat's Low Earth Orbit network, Telesat Lightspeed. The MOU follows the signing of a Letter of Intent between the Government of Canada through the Canadian Commercial Corporation and the Government of Korea through the Defense Acquisition Program Administration to pursue a structured initiative on next-generation commercial Low earth Orbit satellite communications and advanced maritime platforms. Hanwha and Telesat will explore a range of cooperative programs, notably the Government of Korea's LEO communications satellite constellation and defense user terminals that are compatible with K-LEO and Telesat Lightspeed. Additionally, the companies are cooperating on the Canadian Patrol Submarine Project, where Hanwha intends to include significant, multi-year Telesat Lightspeed services as a key strategic aspect of its bid in its Industrial and Economic Benefits to Canada Proposal Annex. Hanwha will also look to apply Telesat Lightspeed services to various platforms within its weapon systems as a means of exploring potential business collaboration opportunities throughout the global defense market.
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Telesat Under Investigation for Securities Fraud Claims
- Debt Crisis Unveiled: Telesat Corporation is facing a lawsuit from bondholders alleging it is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe deterioration in the company's financial health that could undermine investor confidence.
- Stock Price Plunge: Following the debt crisis news, Telesat's stock price fell by $7.27, or 21%, closing at $27.39 per share on January 21, 2026, reflecting market pessimism regarding the company's future prospects.
- Legal Investigation Launched: Pomerantz LLP is investigating whether Telesat and its executives have engaged in securities fraud or other unlawful business practices, which could lead to additional lawsuits and financial losses, exacerbating the company's challenges.
- Investor Advisory: Pomerantz LLP advises investors to contact their attorneys to join the class action, indicating that the legal risks faced by the company may significantly impact its long-term operations and shareholder value.

Telesat and Hanwha Sign MoU for Satellite Connectivity Solutions
- MoU Signing: Telesat and Hanwha Systems have signed a memorandum of understanding to jointly develop next-generation sovereign satellite connectivity solutions, enhancing collaboration in Low Earth Orbit (LEO) communications and expected to boost competitiveness in the global defense market.
- Government-Supported Initiatives: This MoU follows a letter of intent signed between the Canadian and Korean governments to pursue structured cooperation on next-generation commercial LEO satellite communications and advanced maritime platforms, indicating a strategic partnership in high-tech sectors.
- Defense Project Collaboration: In the Canadian Patrol Submarine Project, Hanwha intends to include Telesat Lightspeed services as a key strategic aspect of its bid, which is expected to bring significant economic and industrial benefits to Canada, further solidifying defense cooperation between the two nations.
- Complementary Technical Expertise: The integration of Telesat's Lightspeed architecture with Hanwha's advanced systems expertise will provide secure, high-performance LEO communications capabilities for Canada, South Korea, and allied partners, supporting critical defense missions and enhancing technological leadership in the global market.






