Telesat Signs Strategic Partnership Agreement with Canadian Government
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy TSAT?
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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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.
Telesat Under Investigation for Possible Securities Fraud
- Debt Crisis Unveiled: On January 21, 2026, bondholders filed a lawsuit against Telesat, alleging the company is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe financial crisis that could lead to bankruptcy.
- Stock Price Plunge: Following the lawsuit announcement, Telesat's stock price fell by $7.27, or 21%, closing at $27.39 per share, reflecting a significant loss of investor confidence and a negative market sentiment regarding the company's future.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Telesat and its executives have engaged in securities fraud or other unlawful business practices, suggesting that the company may face greater legal risks that could impact its reputation and market position.
- Historical Context: Pomerantz LLP, recognized as a leading firm in securities class action litigation with over 85 years of experience, focuses on advocating for victims of securities fraud, indicating that this investigation could lead to broader legal implications for Telesat.
See More
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.
See More
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.
See More
Telesat Faces Lawsuit Over Alleged Insolvency
- Debt Crisis Unveiled: Telesat Corporation is facing a lawsuit from creditors alleging it is 'indisputably insolvent' and breached a credit agreement through 'fraudulent' asset transfers, exposing the company to significant legal risks and financial distress.
- Stock Price Impact: Following the lawsuit announcement, Telesat's stock price dropped sharply, reflecting market concerns over the company's financial health, which may lead to diminished investor confidence and affect future financing capabilities.
- Potential Legal Consequences: Holzer & Holzer is investigating whether Telesat complied with federal securities laws, and if violations are confirmed, it could trigger broader legal actions, exacerbating the company's existing legal and financial pressures.
- Investor Rights Protection: The law firm encourages affected investors to reach out to discuss their legal rights, highlighting the importance of investor protection mechanisms during corporate crises, which may influence future investor trust in the company.
See More
Telesat Corporation Faces Investigation for Possible Securities Violations After 21% Stock Drop
- Debt Crisis Unveiled: On January 21, 2026, bondholders filed a lawsuit against Telesat, alleging the company is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe deterioration in its financial health that could lead to significant investor losses.
- Stock Price Plummets: Following the debt crisis news, Telesat's stock price dropped by $7.27, or 21%, closing at $27.39 on January 21, 2026, directly impacting investor asset values and reflecting market pessimism regarding the company's future.
- Legal Investigation Initiated: Glancy Prongay & Murray LLP announced an investigation into Telesat to assess potential violations of federal securities laws, potentially providing avenues for affected investors to pursue claims, highlighting increasing legal risks for the company.
- Investor Rights at Risk: The legal actions stemming from this incident may impose greater financial strain on Telesat, and if investors participate in claims, it could affect the company's reputation and future financing capabilities, further exacerbating market uncertainties.
See More
Telesat Corporation Faces Lawsuit Over Insolvency, Stock Drops 21%
- Debt Crisis Unveiled: Telesat Corporation was sued by bondholders on January 21, 2026, alleging it is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe deterioration in the company's financial health that could further undermine investor confidence.
- Stock Price Plummets: Following the lawsuit news, Telesat's stock price fell by $7.27, or 21%, closing at $27.39 per share on January 21, 2026, directly impacting the value of investors' holdings and raising concerns about the company's viability.
- Legal Consultation Opportunity: The Law Offices of Howard G. Smith are offering legal consultations to affected investors, encouraging them to reach out for potential claims to recover losses, indicating that the company may face additional legal challenges and increasing the risk for investors.
- Investor Rights at Risk: This incident highlights Telesat's mismanagement of debt, potentially leading more investors to seek legal recourse to protect their interests, further exacerbating negative sentiment in the market regarding the company.
See More
Telesat Under Investigation for Possible Securities Fraud
- Debt Crisis Unveiled: On January 21, 2026, bondholders filed a lawsuit against Telesat, alleging the company is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe financial crisis that could lead to bankruptcy.
- Stock Price Plunge: Following the lawsuit announcement, Telesat's stock price fell by $7.27, or 21%, closing at $27.39 per share, reflecting a significant loss of investor confidence and a negative market sentiment regarding the company's future.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Telesat and its executives have engaged in securities fraud or other unlawful business practices, suggesting that the company may face greater legal risks that could impact its reputation and market position.
- Historical Context: Pomerantz LLP, recognized as a leading firm in securities class action litigation with over 85 years of experience, focuses on advocating for victims of securities fraud, indicating that this investigation could lead to broader legal implications for Telesat.
See More
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.
See More
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.
See More
Telesat Faces Lawsuit Over Alleged Insolvency
- Debt Crisis Unveiled: Telesat Corporation is facing a lawsuit from creditors alleging it is 'indisputably insolvent' and breached a credit agreement through 'fraudulent' asset transfers, exposing the company to significant legal risks and financial distress.
- Stock Price Impact: Following the lawsuit announcement, Telesat's stock price dropped sharply, reflecting market concerns over the company's financial health, which may lead to diminished investor confidence and affect future financing capabilities.
- Potential Legal Consequences: Holzer & Holzer is investigating whether Telesat complied with federal securities laws, and if violations are confirmed, it could trigger broader legal actions, exacerbating the company's existing legal and financial pressures.
- Investor Rights Protection: The law firm encourages affected investors to reach out to discuss their legal rights, highlighting the importance of investor protection mechanisms during corporate crises, which may influence future investor trust in the company.
See More
Telesat Corporation Faces Investigation for Possible Securities Violations After 21% Stock Drop
- Debt Crisis Unveiled: On January 21, 2026, bondholders filed a lawsuit against Telesat, alleging the company is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe deterioration in its financial health that could lead to significant investor losses.
- Stock Price Plummets: Following the debt crisis news, Telesat's stock price dropped by $7.27, or 21%, closing at $27.39 on January 21, 2026, directly impacting investor asset values and reflecting market pessimism regarding the company's future.
- Legal Investigation Initiated: Glancy Prongay & Murray LLP announced an investigation into Telesat to assess potential violations of federal securities laws, potentially providing avenues for affected investors to pursue claims, highlighting increasing legal risks for the company.
- Investor Rights at Risk: The legal actions stemming from this incident may impose greater financial strain on Telesat, and if investors participate in claims, it could affect the company's reputation and future financing capabilities, further exacerbating market uncertainties.
See More
Telesat Corporation Faces Lawsuit Over Insolvency, Stock Drops 21%
- Debt Crisis Unveiled: Telesat Corporation was sued by bondholders on January 21, 2026, alleging it is 'indisputably insolvent' and unable to meet its debt obligations, indicating a severe deterioration in the company's financial health that could further undermine investor confidence.
- Stock Price Plummets: Following the lawsuit news, Telesat's stock price fell by $7.27, or 21%, closing at $27.39 per share on January 21, 2026, directly impacting the value of investors' holdings and raising concerns about the company's viability.
- Legal Consultation Opportunity: The Law Offices of Howard G. Smith are offering legal consultations to affected investors, encouraging them to reach out for potential claims to recover losses, indicating that the company may face additional legal challenges and increasing the risk for investors.
- Investor Rights at Risk: This incident highlights Telesat's mismanagement of debt, potentially leading more investors to seek legal recourse to protect their interests, further exacerbating negative sentiment in the market regarding the company.
See More
