Telesat (TSAT) announced the companies have successfully negotiated and signed a Term Sheet for a multi-Gbps capacity pool of Telesat Lightspeed connectivity services. The companies executed the agreement today during a signing ceremony at the CABSAT 2025 event in Dubai. Building on the Memorandum of Understanding signed in 2024, this agreement establishes the negotiated framework for Arabsat’s integration of Telesat Lightspeed Low Earth Orbit, LEO, services, backed by Committed Information Rates and Service Level Agreements, into its multi-orbit satellite ecosystem, ensuring robust and seamless broadband connectivity solutions tailored for enterprise, telecom, government, and mobility sectors. The parties expect to conclude definitive agreements by December 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSAT:
- Telesat Corporation Schedules Virtual Annual General Meeting for June 2025
- Telesat Corporation Reports Q1 2025 Earnings
- Telesat’s Earnings Call: Strategic Gains Amid Financial Hurdles
- Telesat Reports Q1 2025 Financial Results Amid Revenue Decline
- Telesat Reports Q1 2025 Results Amid Strategic Progress