Wire · technology
TSAT: Major government contract and LEO expansion offset sharp revenue and EBITDA declines
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Fusion42 · 13 August 2026 · Fusion42 review
Telesat faced sharp year-over-year revenue and EBITDA drops due to contract non-renewals and higher costs, but secured a $2.7 billion government contract and expanded its LEO satellite constellation to support future growth while maintaining liquidity with new financing.
This Wire brief sits within Fusion42's coverage of Telecom & Connectivity.
◆ ◆ The Wire takeaway
A major government contract secures funding for satellite expansion while recent revenue losses highlight contract dependency risks. Founders in satellite connectivity must prepare for fluctuating contract cycles and explore diversified revenue sources to remain resilient.
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1 source · 13 Aug 2026
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