TSAT, a privately owned telecommunications company founded in 1995 and headquartered in Norway, employs approximately 50 people as of 2023. The company's primary business is in the telecommunications sector.
On August 27, 2025, Telesat completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary of Telesat Corporation. This subsidiary is wholly-owned by Telesat Canada’s parent entities and is not a guarantor under Telesat Canada’s debt documents; the transaction did not change company operations. Also on August 27, 2025, Telesat announced the appointment of Donald Tremblay as Chief Financial Officer, effective October 20, 2025. Tremblay will replace Andrew Browne, who retired in March 2025 after serving as CFO since 2019. Separately, on an unspecified date, Telesat reported second-quarter earnings of $15.2 million, or $1 per share. In a different context, Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) committed investment in semiconductor production in India.
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