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New Telesat high-throughput satellite enters commercial service

Aug. 27, 2018 11:11 AM ETMaxar Technologies Inc. (MAXR) Stock, MAXR:CA StockBy: Jason Aycock, SA News Editor1 Comment
  • Telesat says its new Telstar 19 VANTAGE satellite is fully operational and has entered commercial service.
  • The high-throughput satellite, built by Maxar's (MAXR -1.9%) SSL, will serve consumer, enterprise and mobility markets across the Americas and Atlantic.
  • It combines regional beams and high-throughput spot beams in the Ku band, with additional HTS spot beams in the Ka band.
  • Hughes Network Systems (SATS +0.5%) has signed a 15-year agreement for the bird's Ka-band capacity, which it will use for expanding broadband satellite for consumers and businesses in South America. Telesat also has long-term deals for the entire Ka-band capacity over Northern Canada.
  • Telesat's principal shareholders are Loral Space & Communications (LORL +1.5%) and Canada's Public Sector Pension Investment Board.

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