NasdaqGS:TSATTelecom
Telesat Faces Going Concern Flag While Targeting Defense-Focused Lightspeed Growth
Telesat (NasdaqGS:TSAT) disclosed that its auditor raised substantial doubt about the company’s ability to continue as a going concern in its latest Form 20-F filing.
The company also announced plans to add military Ka-band spectrum to its Lightspeed low Earth orbit satellite constellation to support defense requirements.
Both developments point to rising pressure on Telesat’s funding profile alongside a clearer push toward government and defense users.
Telesat operates in satellite...