Telesat said on Oct. 29, 2026 that third-quarter revenue was CAD $80.7 million, down 20.1 percent from a year earlier, and that the net loss was CAD $157.2 million. It received CAD $509.6 million of Defence Investment Agency milestone payments and still expects Lightspeed commercial operation around the end of the first quarter of 2028. GEO debt of about CAD $3.1 billion maturing from December 2026 through October 2027 still raises substantial doubt, and refinancing is not complete.
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