Avanti Communications Signs Strategic Collaboration Agreement With Telesat as Part of New Multi-Orbit Strategy
Telesat Corporation (TSAT)
Company Research
Source: GlobeNewswire
LONDON and OTTAWA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avanti Communications (“Avanti”) today announced the signing of a Memorandum of Understanding (MOU) with one of the world’s largest and most innovative satellite operators, Telesat (NASDAQ and TSX: TSAT), to test and develop LEO services as part of its global strategy to deliver bespoke, multi-orbit solutions to customers at scale. Avanti plans to incorporate Telesat’s Lightspeed™ services into its network to provide affordable, high quality broadband connectivity worldwide. Telesat’s innovative global network is composed of 198 state-of-the-art LEO satellites that are seamlessly integrated with on-ground networks. Avanti is investing heavily in strategic partnerships and its managed services to meet customers’ requirements in an evolving industry where demand for capacity is growing. Avanti’s first low-latency LEO constellation agreement will support the execution of Avanti’s new strategy, which is built on a “customer pull” vs
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- Investing in Space: NASA's tool for seeing the solar eclipse [CNBC]CNBC
- Telesat reaches deal with Ottawa for high-yield $2.14-billion loan for satellite constellation [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Telesat Corporation (NASDAQ:TSAT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed [Yahoo! Finance]Yahoo! Finance
- Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed [Financial Post (Toronto, Ontario, Canada)]Financial Post
TSAT
Sec Filings
- 4/8/24 - Form SC
- 4/1/24 - Form 6-K
- 3/28/24 - Form 6-K
- TSAT's page on the SEC website