| TOP-FIVE-GEO-CUSTOMERS |
TOP-FIVE-GEO-CUSTOMERS |
92%
|
For the year ended December 31, 2025, Telesat’s top five GEO customers together accounted for approximately 64% of its revenues. |
| MDA-LTD |
MDA-LTD |
85%
|
d meet growing demand for bandwidth intensive applications; 2018 Telesat launched its Phase 1 LEO satellite (“LEO 1”), the start of Telesat Lightspeed, leveraging Telesat’s innovative, patented desig… |
| AQN |
Algonquin Power & Utilities Corp. |
72%
|
e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity of the valuation, the underlying assumptions, and its long -term nature, the def… |
| AQN |
Algonquin Power & Utilities Corp. |
72%
|
Reciprocal relationship from AQN graph: Reciprocal relationship from TSAT graph: e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity… |
| GILT |
Gilat Satellite Networks Ltd. |
72%
|
Reciprocal relationship from GILT graph: Reciprocal relationship from TSAT graph: Reciprocal relationship from GILT graph: Reciprocal relationship from TSAT graph: Reciprocal relationship from GILT g… |
| GILT |
Gilat Satellite Networks Ltd. |
72%
|
ngineering from 2015 to 2023 with a title change to Vice President, LEO System Engineering in July 2023. Before joining Telesat, he held leadership positions in systems and antenna engineering at MDA… |
| LION |
Lionsgate Studios Corp. |
72%
|
e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity of the valuation, the underlying assumptions, and its long -term nature, the def… |
| LION |
Lionsgate Studios Corp. |
72%
|
Reciprocal relationship from LION graph: Reciprocal relationship from TSAT graph: Reciprocal relationship from LION graph: Reciprocal relationship from TSAT graph: Reciprocal relationship from LION g… |
| STRZ |
Starz Entertainment Corp. |
72%
|
Reciprocal relationship from STRZ graph: Reciprocal relationship from TSAT graph: e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexit… |
| STRZ |
Starz Entertainment Corp. |
72%
|
e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity of the valuation, the underlying assumptions, and its long -term nature, the def… |
| TWI |
Titan International, Inc. |
72%
|
e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity of the valuation, the underlying assumptions, and its long -term nature, the def… |
| TWI |
Titan International, Inc. |
72%
|
Reciprocal relationship from TWI graph: Reciprocal relationship from TSAT graph: e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity… |
| APT-SATELLITE-COMPANY-LIMITED |
APT-SATELLITE-COMPANY-LIMITED |
62%
|
. The recoverable amount of the GEO CGUs is more sensitive to the same inputs as GEO segment. See Note 18 for assumptions and sensitivities. As at December 31, 2025, the recoverable amounts of the GE… |
| COMMON-LIMITED |
COMMON-LIMITED |
62%
|
ctly attributable to the acquisition of financial assets and liabilities (other than FVTPL) are added or deducted from the fair value of the financial asset or financial liability on initial recognit… |
| EUTELSAT-GROUP |
EUTELSAT-GROUP |
62%
|
-sponsored projects, including in China, Russia and Europe. Some of these potential competitors to Telesat’s system have greater access to capital than Telesat has and/or are at a more advanced stage… |
| GILAT-FLORIDA-INC |
GILAT-FLORIDA-INC |
62%
|
ngineering from 2015 to 2023 with a title change to Vice President, LEO System Engineering in July 2023. Before joining Telesat, he held leadership positions in systems and antenna engineering at MDA… |
| GILAT-LATIN-AMERICA-INC |
GILAT-LATIN-AMERICA-INC |
62%
|
ngineering from 2015 to 2023 with a title change to Vice President, LEO System Engineering in July 2023. Before joining Telesat, he held leadership positions in systems and antenna engineering at MDA… |
| GILAT-SATELLITE-SYSTEMS-LTD |
GILAT-SATELLITE-SYSTEMS-LTD |
62%
|
ngineering from 2015 to 2023 with a title change to Vice President, LEO System Engineering in July 2023. Before joining Telesat, he held leadership positions in systems and antenna engineering at MDA… |
| GOC-TELESAT-CORPORATION |
GOC-TELESAT-CORPORATION |
62%
|
hift to programs in areas where Telesat does not provide services. To the extent governments and their agencies reduce spending on commercial satellite services, this could adversely affect Telesat’s… |
| IOM-LIMITED |
IOM-LIMITED |
62%
|
. The recoverable amount of the GEO CGUs is more sensitive to the same inputs as GEO segment. See Note 18 for assumptions and sensitivities. As at December 31, 2025, the recoverable amounts of the GE… |
| LIGHTSPEED-LEO-LIMITED |
LIGHTSPEED-LEO-LIMITED |
62%
|
s, to respond to commercial opportunities or for other reasons. Any change could result in increased costs, delay the in -service date of the constellation, or impair or delay regulatory approval to … |
| MDA-CORPORATION |
MDA-CORPORATION |
62%
|
ngineering from 2015 to 2023 with a title change to Vice President, LEO System Engineering in July 2023. Before joining Telesat, he held leadership positions in systems and antenna engineering at MDA… |
| TELESAT-CANADA-TELESAT-LLC |
TELESAT-CANADA-TELESAT-LLC |
62%
|
es are dependent on the operating condition of the satellite and other satellites of the same design or using the same components as well as prevailing insurance market conditions. Typically, these i… |
| TELESAT-CORPORATION-TELESAT-LEO-HOLDINGS |
TELESAT-CORPORATION-TELESAT-LEO-HOLDINGS |
62%
|
es are dependent on the operating condition of the satellite and other satellites of the same design or using the same components as well as prevailing insurance market conditions. Typically, these i… |
| TELESAT-INTERNATIONAL-LIMITED |
TELESAT-INTERNATIONAL-LIMITED |
62%
|
. The recoverable amount of the GEO CGUs is more sensitive to the same inputs as GEO segment. See Note 18 for assumptions and sensitivities. As at December 31, 2025, the recoverable amounts of the GE… |
| TELESAT-LEO-CANHOLD-CORPORATION |
TELESAT-LEO-CANHOLD-CORPORATION |
62%
|
es are dependent on the operating condition of the satellite and other satellites of the same design or using the same components as well as prevailing insurance market conditions. Typically, these i… |
| TELESAT-LEO-HOLDINGS |
TELESAT-LEO-HOLDINGS |
62%
|
udulent Conveyances Act , claiming that Telesat Canada was insolvent at the time of the Transaction and undertook the Transaction with the intent to harm and prejudice the Term Lenders. The Plaintiff… |
| TELESAT-LEO-HOLDINGS-INC |
TELESAT-LEO-HOLDINGS-INC |
62%
|
udulent Conveyances Act , claiming that Telesat Canada was insolvent at the time of the Transaction and undertook the Transaction with the intent to harm and prejudice the Term Lenders. The Plaintiff… |
| TELESAT-LIGHTSPEED-FINANCING-WARRANTS-LIGHTSPEED |
TELESAT-LIGHTSPEED-FINANCING-WARRANTS-LIGHTSPEED |
62%
|
e, future salary increases, mortality rates, future pension increases and return on plan assets. Due to the complexity of the valuation, the underlying assumptions, and its long -term nature, the def… |
| TELESAT-LIGHTSPEED-THE-EUTELSAT-GROUP |
TELESAT-LIGHTSPEED-THE-EUTELSAT-GROUP |
62%
|
-sponsored projects, including in China, Russia and Europe. Some of these potential competitors to Telesat’s system have greater access to capital than Telesat has and/or are at a more advanced stage… |
