Telesat, a global satellite operator, faces lawsuits from creditors over an equity distribution in September 2025. The lawsuits, filed by distressed debt hedge funds, are deemed without merit. Telesat asserts that the distribution followed proper protocols and intends to defend itself vigorously. The company remains focused on supporting customers, advancing the Telesat Lightspeed program, and creating long-term value. Telesat is known for its engineering excellence and industry-leading customer service, offering critical connectivity solutions to address complex communication challenges. The company’s Telesat Lightspeed program aims to redefine global satellite connectivity with high-speed, secure links.

Read more at GlobeNewswire: Telesat Statement on Creditor Litigation