- Telesat (TSX:TSAT) signed a preliminary deal with Arabsat, the Arab world’s top satellite service provider, for a multi-Gbps-capacity suite of connectivity services
- Telesat is one of the world’s largest satellite operators
- Telesat stock has added 123.68 per cent year-over-year
Telesat (TSX:TSAT) signed a preliminary deal with Arabsat, the Arab world’s top satellite service provider, for a multi-Gbps-capacity suite of connectivity services.
The deal – marked with a signing ceremony at the CABSAT 2025 event in Dubai – follows a memorandum of understanding in 2024 establishing a framework for Arabsat to integrate Telesat Lightspeed low-earth orbit (LEO) services into its satellite ecosystem.
Arabsat hopes the addition will improve its ability to deliver “robust and seamless broadband connectivity solutions tailored for enterprise, telecom, government and mobility sectors,” according to Wednesday’s news release. The company, owned by the Arab League, is active in 21 Arab countries representing channels and stations reaching over 300 million viewers.
Telesat and Arabsat expect to finalize a definitive agreement by December 2025.
Leadership insights
“This agreement with Telesat marks a major milestone in Arabsat’s multi-orbit strategy and the advanced Telesat Lightspeed network will offer innovative capabilities to our customers in each of the markets we serve,” Alhamedi Alanezi, Arabsat’s president and chief executive officer (CEO), said in a statement. “By offering LEO and geostationary service, as well as blended combinations, we are laying the foundation for a new era of connectivity. Multi-orbit satellite systems and terminals will position the Arabsat Group at the forefront of digital transformation—delivering faster, more reliable and cost-effective connectivity tailored to the distinct performance needs of each industry.”
“We’re excited to achieve this important milestone in our strategic partnership with Arabsat, a premier satellite operator, which will bring innovative connectivity advancements to their customers across the Middle East, Africa, Europe and Central Asia,” added Dan Goldberg, Telesat’s president and CEO. “In addition to the inherent security and reliability features of Telesat Lightspeed, Arabsat will have unprecedented flexibility to design, manage and control services to their customers through Telesat’s interoperable lifecycle orchestration systems.”
About Telesat
Telesat is one of the world’s largest satellite operators.
Telesat stock (TSX:TSAT) last traded at C$23.71 and has added 123.68 per cent year-over-year.
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