Telesat Delays Full Lightspeed Service to Q2 2028, Cuts Spending Forecast

Telesat now expects full global Lightspeed service by the end of Q2 2028, versus its prior Q1 target. Full-year spending is forecast at CAD 1.1 billion to CAD 1.3 billion, down from CAD 1.3 billion to CAD 1.5 billion. Production satellite launches are expected to begin around September 2027, with launches about every three weeks and all 225 satellites in orbit by the end of 2028.