Latest news with #Telesat
CTV News
02-07-2025
- Business
- CTV News
Ottawa's downtown office vacancy rate at 15 per cent through the spring
Ottawa's office vacancy rate improved slightly in the spring, with a new report suggesting there is demand for mid to large-sized office space in the core and in Kanata. CBRE Canada's second-quarter Canada Office Figures report shows Ottawa's vacancy rate dropped from 12.7 per cent in the January-March period to 12.5 per cent in the April-June period. 'Uncertainty regarding the economic landscape continued to obfuscate occupier decision making, although demand still exists for mid to large-sized space, as observed in the core and in Kanata,' the report says. The vacancy rate in downtown Ottawa was 15 per cent in the second quarter, while the office vacancy rate in the suburbs was 10.5 per cent. Toronto's downtown vacancy rate was 18.5 per cent in the spring, while Montreal's downtown vacancy rate was 18.6 per cent. CBRE Canada says 'sizeable deals' were reported at 160 Elgin Street in the spring, with the Royal College of Physicians taking 62,000 sq. ft. of space and Telesat occupying 28,000 sq. ft. of space. According to the report, there was 'notable activity within the submarket' in the spring, including the sale of a full vacant building on Solandt Road to the Manitoba Metis Foundation for potential owner occupancy and Mitel sublisting 33,000 sq. ft. of space on Innovation Drive. CBRE Canada says industrial construction 'has hit a peak' in Ottawa, with Amazon starting construction on their third distribution facility. That will add a proposed 3.1 million sq. ft. to Ottawa's future industrial inventory. 'While trade negotiations have resulted in some short-term supply and increased uncertainty, many deals are still being completed or remain in the pipeline,' CBRE said. The industrial vacancy rate in Ottawa was 2.2 per cent in the spring.
Yahoo
01-07-2025
- Business
- Yahoo
Here's Why Telesat (TSAT) is a Great Momentum Stock to Buy
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Telesat (TSAT), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Telesat currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if TSAT is a promising momentum pick, let's examine some Momentum Style elements to see if this satellite communications company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For TSAT, shares are up 4.98% over the past week while the Zacks Satellite and Communication industry is up 5.32% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 54.1% compares favorably with the industry's 23.19% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Telesat have risen 41.93%, and are up 188.55% in the last year. On the other hand, the S&P 500 has only moved 10.83% and 14.92%, respectively. Investors should also pay attention to TSAT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. TSAT is currently averaging 140,767 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with TSAT. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost TSAT's consensus estimate, increasing from -$2.87 to -$2.21 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that TSAT is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Telesat on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Telesat Corporation (TSAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
19-06-2025
- Business
- Globe and Mail
Telesat Announces Results of 2025 Annual General Meeting of Shareholders
OTTAWA, Ontario, June 19, 2025 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX: TSAT) ('Telesat' or the 'Company'), one of the world's largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 17th virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows: Director Nominee Votes For Votes Withheld (a) Michael Boychuk 47,936,239 986,534 (b) Jane Craighead 46,146,974 2,775,795 (c) Richard Fadden 47,932,024 990,749 (d) Daniel S. Goldberg 47,934,997 987,776 (e) Henry (Hank) Intven 46,846,629 2,076,144 (f) David Morin 47,926,555 996,218 (g) Dr. Mark H. Rachesky 46,143,966 2,778,807 (h) Guthrie Stewart 46,145,394 2,777,377 (i) Michael B. Targoff 47,938,568 984,205 (j) Janet Yeung 47,938,784 983,987 Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at and on EDGAR at About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world's most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company's Low Earth Orbit ('LEO') satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit Contacts: Investor Relations
Business Insider
11-06-2025
- Business
- Business Insider
Telesat, Vocus to build Telesat Lightspeed Low Earth Orbit Laning Station
Vocus and Telesat (TSAT) announced that Vocus will build Australia's first Telesat Lightspeed Low Earth Orbit Landing Station. Vocus will construct and operate the new Landing Station in New South Wales, Australia and provide fiber connectivity to Telesat's point of presence, connecting Telesat's advanced LEO satellite constellation, called Telesat Lightspeed, to terrestrial networks, providing secure, low-latency satellite services across the region. Confident Investing Starts Here:
Yahoo
10-06-2025
- Business
- Yahoo
Vocus and Telesat announce multi-year Telesat Lightspeed terrestrial infrastructure and services contract
MELBOURNE, Australia and OTTAWA, Canada, June 10, 2025 (GLOBE NEWSWIRE) -- Vocus, Australia's specialist digital infrastructure provider, and Telesat (Nasdaq and TSX: TSAT), one of the world's most innovative satellite operators, today announced that Vocus will build Australia's first Telesat Lightspeed Low Earth Orbit (LEO) Landing Station. Vocus will construct and operate the new Landing Station in New South Wales, Australia and provide fibre connectivity to Telesat's point of presence (PoP), connecting Telesat's advanced LEO satellite constellation, called Telesat Lightspeed, to terrestrial networks, providing secure, low-latency satellite services across the region. "As a leading provider of Landing Stations and fibre network solutions, Vocus is an ideal partner to deliver the resilient, scalable terrestrial infrastructure that not only serves as a key interconnect point for customer data, but also further strengthens Australia's digital infrastructure resilience," said Asit Tandon, Telesat's Chief Network and Information Officer. "Telesat will begin launching its LEO satellites in late 2026 and this new Landing Station will play a key role in satellite testing and customer field trials before global service delivery." "We're proud to be partnering with Telesat on establishing its network in Australia,' said Ashley Neale, Head of Vocus Space and Wireless Operations. 'Vocus already has 30 ground stations currently in operation or contracted to be built, demonstrating that our infrastructure provides the critical reliability needed for LEO networks.' Vocus signs Telesat Lightspeed services commitment The long-term agreement also includes Telesat Lightspeed services when the network becomes operational. These services, backed by committed information rates (CIR) and comprehensive service level agreements, will ensure resilient, low-latency connectivity for Vocus' enterprise and government customers, complementing its already substantial LEO satellite services customer base. "We're honoured that Vocus will be integrating our MEF 3.0 compliant Telesat Lightspeed Carrier Ethernet services into its portfolio to meet the secure, mission-critical requirements of their customers in Australia, as well as their distributed networks across the globe," said Glenn Katz, Telesat's Chief Commercial Officer. "In addition to public networking options via Telesat's global Landing Stations, our flexible architecture includes options for Private Access Stations, special security add-ons, and the ability for Vocus' customers to maintain complete control over encryption, providing valuable, differentiated capabilities in their LEO portfolio." A unique feature of the Telesat Lightspeed service will be its Terminal-to-Terminal direct connectivity capability, which eliminates the need for terrestrial links for customers transmitting especially sensitive information. "This will enable, for example, a naval vessel to communicate via the Telesat Lightspeed satellites directly with ground deployed soldiers via the optical laser-linked space network, completely bypassing land-based infrastructure or the public internet," explained Neale. "This capability will be extremely valuable to customers with mission-critical communications requirements and a desire to preserve data sovereignty even outside of Australia's geographic borders." About Vocus Vocus, Australia's specialist fibre and network solutions provider, owns and operates a 27,000-km fibre network across Australia and subsea connecting all Australian mainland capitals with New Zealand, Asia, and the USA. Vocus' network includes the 4,600km Australia Singapore Cable (ASC) from Perth to Singapore via Indonesia and the 2,100km North-West Cable System (NWCS) from Port Hedland to Darwin. Vocus owns a portfolio of well recognised brands catering to enterprise, government, wholesale, small business and residential customers across Australia. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world's most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company's state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit Media Contacts Dan Warne for Vocus0421 027 W2 Communications for Telesattelesat@ Telesat's Forward-Looking Statements Safe HarborThis news release contains statements that are not based on historical fact and are 'forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words 'will,' or similar expressions, are forward-looking statements. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release. These forward-looking statements are based on Telesat Corporation's current expectations and are subject to a number of risks, uncertainties and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat Corporation's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat's business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; tariffs; Telesat's ability to meet the funding conditions of its funding agreements with the Government of Canada and Government of Quebec; technological hurdles, including our and our contractors' development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors' supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat's ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation's annual report on Form 20-F for the year ended December 31, 2024, that was filed on March 27, 2025, with the United States Securities and Exchange Commission ('SEC') and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval ('SEDAR'), and may be accessed on the SEC's website at and SEDAR's website at as well as our subsequent reports on Form 6-K filed with the SEC and also available on while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
