Telesat Q1 2026: Lightspeed LEO fully funded to 2028, but $1.7B debt refinancing still unresolved for December maturities
Telesat says its GEO satellite business has sufficient cash to manage through 2026 but cannot refinance $1.7 billion in debt due beginning in December. In Q1 2026 results, the operator confirms its Lightspeed LEO constellation—covering terminals and gateways—remains fully funded on a 2028 timeline amid ongoing GEO revenue decline.