Telesat Q1 2026: GEO revenue down 25% YoY as $1.7B December debt maturity remains unresolved; Lightspeed LEO fully funded to 202
Telesat reported Q1 2026 results showing its legacy GEO-satellite business declined 25% year-over-year. The operator said it has enough cash to run the GEO unit through 2026 but cannot yet refinance $1.7 billion of debt due starting in December. It also confirmed a fully funded 2028 Lightspeed LEO timeline.