Latest Developments
More...Ottawa, Canada, May 5, 2026
For the quarter ended March 31, 2026, Telesat reported consolidated revenue of CDN$ 87 million, a decrease of 25% (CDN $30 million) compared to the prior year (24% excluding the impact of foreign exchange), and adjusted EBITDA of CDN$ 35 million, a 1 decrease of 48% (CDN$ 32 million) from the first quarter of 2025 (47% excluding the impact of foreign exchange). Excluding the impact of higher expenses related to our debt refinancing process, adjusted EBITDA decreased 42%. Telesat net loss for the quarter was CDN$ 151 million compared to a CDN$ 51 million loss in the prior year. The increased net loss was primarily due to lower revenue and a non-cash goodwill impairment loss in its GEO segment according to the company.
Redmond, Wash., April 15, 2026
Amazon.com, Inc. and Globalstar, Inc. announced that they have entered into a definitive merger agreement under which Amazon will acquire Globalstar, enabling Amazon Leo to add direct-to-device (D2D) services to its low Earth orbit satellite network and extend cellular coverage to customers beyond the reach of terrestrial networks. In addition, Amazon and Apple announced an agreement for Amazon Leo to power satellite services for iPhone and Apple Watch, including Emergency SOS via satellite.
Executive Moves
More...New York City, May 6, 2026
The World Teleport Association (WTA) today announced the election of four new members to its Board of Directors for three-year terms beginning April 1, 2026. They include Juliett Bayliss, Sales Director UK, Globecast; Gianluca Baldassarre, SVP, Line of Business Satellite Communications, Telespazio, SVP, International Marketing & Sales, Leonardo Space Division; Adam Godwin, Head of Satellite, Telstra International and Christine Lawson, Vice President of Business Development, Kymeta.
Edinburgh, UK, May 4, 2026
Bright Ascension, a provider of advanced space software solutions, announced that John Baughn has been appointed Chief Executive Officer following a period in an interim CEO capacity during a leadership transition. The appointment forms part of the company’s succession planning following this period of interim leadership.
Market Trends
More...Geneva, Switzerland, May 5, 2026
A new report – “When digital systems fail: The hidden risks of our digital world” – outlines risk scenarios on Earth, at sea, and in space, analyzing the fragility of interconnected digital systems and offering a roadmap for preparedness.
Delray Beach, Fla., May 4, 2026
According to recent study by MarketsandMarkets™, the global Cloud OSS/BSS Market is projected to grow from USD 43.35 billion in 2025 to USD 59.02 billion by 2032, at a CAGR of 4.2%.
Products and Services
More...Pfäffikon, Switzerland, April 24, 2026
GB News has launched in India as part of a new distribution deal with NeoTV+, giving the channel access to a fast-growing English-speaking audience across Asia and accelerating its international expansion. The People’s Channel is now available to viewers across India and wider Asia via the NeoTV+ app, under an agreement delivered in partnership with technology provider iKO Media Group (iKOMG).
Media City Qatar and Es’hailSat Partner to Strengthen Infrastructure Supporting Qatar’s Media Sector
Doha, Qatar, April 19, 2026
Media City Qatar and Es’hailSat – Qatar Satellite Company, have signed a Memorandum of Understanding (MoU) to jointly expand satellite broadcasting capabilities and strengthen digital media infrastructure for licensed companies within Media City Qatar. The agreement supports Media City Qatar’s ongoing efforts to build the infrastructure required for the growth of the media and creative industries, enabling reliable content distribution, uninterrupted broadcasting, and global connectivity, while supporting Qatar’s position as a primary hub for media.
