Telesat Corp

Telesat Corporation announced the voting results from its 2026 Annual General Meeting of shareholders, held virtually on June 3rd. Shareholders voted in favor of all proposed items of business. This included the appointment of Deloitte LLP as the company's auditors and the election of all ten director nominees to the Board.

Telesat Corporation announced the voting results from its annual general meeting of shareholders held on June 3rd. Shareholders approved all items of business, including the appointment of Deloitte LLP as auditors and the election of all director nominees. The final voting results will be filed on SEDAR+ and EDGAR.

Telesat reported its financial results for the first quarter ended March 31, 2026, with consolidated revenue decreasing 25% to $87 million and Adjusted EBITDA falling 48% to $35 million compared to the prior year. The company posted a net loss of $151 million, primarily due to lower revenue and a non-cash goodwill impairment in its GEO segment. Despite the financial declines in the GEO business, Telesat made significant progress on its Lightspeed constellation, securing a new contract with Northwestel and reiterating its full-year 2026 financial outlook for both segments, while also focusing on refinancing its GEO debt.

Telesat Corporation's President and CEO, Daniel S. Goldberg, and Chief Financial Officer, Donald Tremblay, have certified the interim financial report and interim MD&A for the period ended March 31, 2026. Their certifications affirm that the filings are free of material misrepresentations and fairly present the company's financial condition, performance, and cash flows. The officers also confirmed their responsibility for, and the design and evaluation of, disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), noting that any material weaknesses or changes have been disclosed.

Telesat Corporation filed a Form 6-K with the SEC, furnishing materials related to its upcoming Annual General Meeting. The filing includes the Notice of Meeting, a Financial Statements Request Form, and the Notice of Availability of Proxy Materials. Additionally, the company provided its Management Information Circular and various Forms of Proxy and Voting Instruction Forms for different share classes and partnership units.

Telesat Corp. has scheduled a conference call for Tuesday, May 5, 2026, at 10:30 a.m. EDT to discuss its financial results for the first quarter ended March 31, 2026. The company will post a news release containing the financial results on its website under the "Investors" tab before the call. Dial-in and webcast details have been provided for participants, along with information for an audio replay available until May 19, 2026.