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Stock impact report

Telesat (TSAT) Moves 7.5% Higher: Will This Strength Last? [Yahoo! Finance]

Telesat Corporation (TSAT) 
Company Research Source: Yahoo! Finance
This compares to the stock's 27.7% gain over the past four weeks. The increase in share price can be attributed to the buzz surrounding satellite and communication stocks as demand for global connectivity soars. The favorable growth backdrop offers Telesat a long growth runway for its next-generation technology. The company continues to execute well across both its LEO and GEO satellite businesses. Momentum in the LEO business is centered on the Telesat Lightspeed program, which is witnessing increasing traction among key sectors like aero and government users. On the last earnings call, TSAT noted that the commercial pipeline was robust, with opportunities at different stages of development, and the committed backlog for Lightspeed exceeded C$1 billion at the end of the second quarter. It is making progress on satellite development, ground infrastructure, and network software. Recently, it partnered with Calian to develop the operational data platform for the Telesat Lightspeed Show less Read more
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