Telesat Signs Strategic Partnership Agreement with Canadian Government
Telesat announced a strategic partnership agreement among the Government of Canada, Telesat Corporation and MDA Space to develop and deliver a multi-frequency, Arctic military satellite communications capability to the Canadian Armed Forces. "For decades, Telesat has proudly supported the mission-critical connectivity needs of the Canadian Armed Forces. Along with MDA Space, we are honoured to be chosen as strategic partners in modernizing Canada's defence capabilities and expanding secure, resilient communications infrastructure. We commend the government's forward-thinking approach to defence procurement-one that harnesses industry expertise, innovation, and investment to accelerate deployment of a secure, multi-frequency architecture that strengthens Arctic security and safeguards Canadian sovereignty," said Dan Goldberg, Telesat President and CEO
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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.






