Telesat Signs Multi-Year Contract with Northwestel for Satellite Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2026
0mins
Telesat announced that Northwestel has signed a multi-year contract for Telesat Lightspeed Low Earth Orbit satellite services. Northwestel will leverage the advanced LEO network to deliver low latency, sovereign broadband connectivity to communities across Northern Canada. By leveraging the Government of Canada's Telesat Lightspeed capacity pool, Northwestel plans to provide high speed broadband, offering plans with at least 50 Mbps download and 10 Mbps upload speeds and unlimited monthly usage.
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Analyst Views on TSAT
About TSAT
Telesat Corporation is a Canada-based global satellite operators. The Company provides mission-critical communications solutions support the requirements of sophisticated satellite users throughout the world. The Company operates through two segments: geostationary (GEO), and Low Earth Orbit (LEO). The Company has developed a global network composed of over 198 state-of-the-art LEO satellites, seamlessly integrated with on-ground data networks. The Company’s global GEO satellite fleet provides coverage and connectivity solutions in C-, Ku- and Ka-bands to meet the needs of broadcast, corporate, telecom and government customers around the world. It provides its services through three business categories: Broadcast, Enterprise, and Consulting and other. The Company’s connectivity solutions include data and telecom, mobility, government, video, and consulting. Its data and telecom solutions offer Internet backhaul, wireless backhaul, and corporate network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Dial-in Instructions: The toll-free dial-in number for the teleconference is +1-800-715-9871, with an international number of +1-646-307-1963, allowing global investors to participate, reflecting the company's focus on its international investor base.
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See More
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- Partnership Agreement: Starfighters Space has signed a Memorandum of Understanding with Mu-G Technologies to jointly respond to NASA's request for microgravity flight services, marking a significant step towards rebuilding the U.S. commercial microgravity capability.
- Technical Integration: Under the MOU, Starfighters will modify Mu-G's Falcon 50 at Midland International Air & Space Port in Texas, providing testing across four flight environments: microgravity, reduced gravity, hyper-gravity, and supersonic regimes.
- Market Positioning: Starfighters is already conducting revenue missions for clients like Lockheed Martin and the U.S. Air Force Research Laboratory, and under CEO Tim Franta's leadership, is actively expanding into the NASA-defined commercial microgravity market.
See More
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- Bright IPO Prospects: SpaceX plans to list on Nasdaq with a target of raising up to $75 billion at a $1.75 trillion valuation, potentially becoming the largest IPO in history, which is expected to structurally uplift the entire space economy and boost related ETFs.
- NASA Collaboration Opportunity: Starfighters Space signed a Memorandum of Understanding with Mu-G Technologies in response to NASA's Request for Information for microgravity flight services, signaling the rebuilding of the U.S. commercial microgravity capability and likely opening new revenue streams for the company.
- Enhanced Technical Capabilities: At Midland International Air & Space Port in Texas, Starfighters will modify Mu-G's Dassault Falcon 50 to provide various flight environments including microgravity, reduced gravity, and hyper-gravity, thereby strengthening its competitive edge in aerospace testing.
- Industry Leadership Position: Starfighters is already conducting revenue missions for blue-chip clients like Lockheed Martin and the U.S. Air Force Research Laboratory, and under CEO Tim Franta's leadership, the company is actively positioning itself in the NASA-defined commercial microgravity market, further solidifying its industry standing.
See More
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- EchoStar's Hidden Investment Opportunity: New Street highlights EchoStar's 2.2% stake in SpaceX, suggesting that a future SpaceX IPO could lead to meaningful upside for SATS shares, further enhancing its importance in satellite connectivity infrastructure.
- Viasat's Undervalued Spectrum: New Street believes Viasat's ownership of the world's largest MSS spectrum band is not reflected in its current share price, and as the satellite broadband market expands, its spectrum position will become increasingly valuable.
- Optimistic Market Sentiment: Retail investors exhibit broad optimism towards space stocks, with Rocket Lab experiencing extremely high message volume, reflecting strong investor interest in the space economy and potential future investment opportunities.
See More
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- Earnings Loss: Telesat reported a Q1 GAAP EPS of -C$3.04, indicating significant challenges in profitability that reflect pressure in market competition and investor sentiment.
- Revenue Decline: The company's revenue for Q1 was C$87.06M, a 25.4% year-over-year decrease, which could negatively impact investor confidence and future liquidity.
- Backlog Status: As of March 31, 2026, the GEO segment backlog totaled approximately C$800 million, while the LEO backlog was around C$1.1 billion, indicating potential future revenue sources but also highlighting current market demand instability.
- Satellite Utilization: GEO satellite utilization stood at 55% as of March 31, 2026, a level that may limit revenue growth potential and reflects challenges in resource allocation.
See More
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- Declining Financial Performance: Telesat reported Q1 2026 revenue of CAD 87 million, a 25% decrease year-over-year, primarily due to non-renewals of broadcast contracts and reduced services for fixed broadband customers, indicating vulnerability under revenue pressure.
- Significant EBITDA Drop: Adjusted EBITDA fell to CAD 35 million, down 48% year-over-year, reflecting that the company's cost control efforts were insufficient to offset revenue declines, leading to a marked decrease in overall profitability.
- Continued Investment in Telesat Lightspeed: As of March 31, 2026, Telesat has invested approximately CAD 2.7 billion in the Lightspeed program, with expectations to commence global commercial service by Q1 2028, demonstrating the company's ongoing commitment to future growth.
- Challenges in GEO Segment: The GEO segment reported revenue of CAD 86 million, a 26% decline year-over-year, and despite efforts to mitigate losses through new contracts, the overall market environment remains challenging, prompting a reassessment of the company's debt refinancing strategy.
See More
Telesat Schedules Conference Call for Financial Results
- Conference Call Scheduled: Telesat has scheduled a conference call on May 5, 2026, at 10:30 a.m. EDT to discuss its financial results for the period ending March 31, 2026, highlighting the company's commitment to transparency and investor communication.
- Financial Results Release: Prior to the call, Telesat will post a news release on its website, ensuring timely access to key information for investors, which is crucial for maintaining market confidence.
- Dial-in Instructions: The toll-free dial-in number for the teleconference is +1-800-715-9871, with an international number of +1-646-307-1963, allowing global investors to participate, reflecting the company's focus on its international investor base.
- Webcast and Replay: The call will be available via webcast, with a replay accessible one hour after the call until May 19, 2026, enhancing information accessibility and transparency for stakeholders.
See More
