Press Releases

OTTAWA, CANADA and OSLO, NORWAY – March 11, 2025 –Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Space Norway, Northern Europe’s leading satellite operator, today announced the parties have signed a Term Sheet for Telesat Lightspeed Low Earth Orbit (LEO) connectivity services.

Space Norway plans to integrate a multi-Gbps Telesat Lightspeed capacity pool into its services portfolio to provide secure, low-latency connectivity services for its defense, enterprise, maritime and land customers. The capacity pool, backed by Committed Information Rates (CIR) and a Service Level Agreement (SLA), will deliver maximum flexibility for Space Norway to tailor its service offerings. This includes prioritization of services and data rates to each remote site, and seamless modification of online services via Space Norway’s own infrastructure.

Designed from inception with a Zero-Trust Architecture and strict cybersecurity standards, the advanced Telesat Lightspeed network will provide resilient communications for Norway and its allied partners throughout the Arctic region, and meet mission-critical connectivity requirements for enterprise customers throughout the EMEA region and beyond.

“Space Norway found the Telesat Lightspeed network to be a natural next step in the continued evolution of our multi-orbit strategy. Its advanced architecture, including inter-satellite links and support of private landing stations, allows us to serve national requirements adhering to the strictest security and privacy standards,” commented Morten Tengs, Space Norway’s Chief Executive Officer.

“We are honored that Space Norway selected the Telesat Lightspeed network to deliver secure, resilient connectivity within their multi-orbit infrastructure strategy,” stated Dan Goldberg, Telesat’s President and Chief Executive Officer. “Together, we will bring innovative space-based capabilities that enable defense and enterprise transformation, anywhere in the world.”    

With the negotiations on the term sheet finalized, the parties expect to conclude definitive agreements by the second half of 2025.