ADN Telecom signs multi-year Telesat Lightspeed partnership agreement

March 25, 2025 07:30 ET | Source: Telesat OTTAWA, Ontario and DHAKA, Bangladesh, March 25, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and ADN Telecom Limited (DSE & CSE: ADNTEL), a leading telecommunications company, providing the latest digital communications and satellite services in Bangladesh, signed and jointly announced today a multi-year partnership to deliver Telesat Lightspeed low earth orbit (LEO) connectivity solutions across Bangladesh and South Asia. Leveraging over 55 years of satellite operations and engineering excellence, Telesat designed its state-of-the-art LEO network to meet the resilient, mission-critical connectivity requirements of telecom, enterprise and government customers. The fully funded Telesat Lightspeed constellation is well underway, with the first satellite launches beginning in the second half of next year. Through this partnership, Telesat will provide Telesat Lightspeed services and a Smart Virtual Network Operator (VNO) capability for ADN Telecom to manage and deliver innovative, customized connectivity solutions for their enterprise, maritime and government customers. ADN Telecom will participate in early field trial testing of Telesat Lightspeed services and commence full-time services in late 2027 with industry-leading committed information rates and guaranteed SLAs. “We are honored to be selected by ADN Telecom to provide multi-Gbps connectivity and unique service advantages to enhance their operations and drive profitable, long-term growth,” said Glenn Katz, Telesat’s Chief Commercial Officer. “Our MEF 3.0 standards-based LEO services will be seamlessly integrated with ADN's terrestrial network to expand the reach of their offerings in Bangladesh and internationally.” “Integrating the highly advanced Telesat Lightspeed enterprise-class LEO network capabilities into our leading service offerings is another example of our commitment to delivering innovative technologies to help our customers thrive,” stated Asif Mahmood, Chairman of ADN Telecom Limited. “After a thorough review of next-generation satellite technologies, we believe the Telesat Lightspeed services will provide the most flexible, secure and resilient architecture to power our future offerings.” Telesat and ADN Telecom will work collaboratively to secure local regulatory approvals for Telesat Lightspeed services in the country. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit www.telesat.com. About ADN Telecom Limited ADN Telecom Limited (DSE & CSE: ADNTEL), the flagship entity of ADN Group, is a pioneer in advanced telecommunications services and satellite communication in Bangladesh. ADN Telecom’s advanced infrastructure and forward-thinking technology solutions are crafted to meet the complex demands of local and international markets, with consistently connecting people and businesses through dependable and cutting-edge next-generation enterprise-class digital services and solutions. With over 23 years of experience in innovative Telecom services , ADN Telecom serves a broad spectrum of industries and enterprises, including government agencies, defense entities, and the financial sectors. Renowned for its excellence in satellite communications and other digital solutions, the company is instrumental in developing latest digital network infrastructure delivering critical communication solutions, even in challenging terrains and during national emergencies. To learn more and stay updated on ADN Telecom, please follow us on LinkedIn, or visit https://adntel.com.bd/. Media Contacts: W2 Communications for Telesattelesat@w2comm.com Tanvir Hafiz for ADN Telecom tanvir.hafiz@adnsl.net Forward-Looking Statements Safe Harbor This news release contains statements that are not based on historical fact and are “forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words “will,” “ensures” or similar expressions, are forward-looking statements. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release. These forward-looking statements are based on Telesat Corporation’s current expectations and are subject to a number of risks, uncertainties and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat Corporation’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat’s business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; Telesat’s ability to meet the funding conditions of its funding agreements with the Government of Canada and Government of Quebec; technological hurdles, including our and our contractors’ development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors’ supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat’s ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation’s annual report on Form 20-F for the year ended December 31, 2023, that was filed on March 28, 2024, with the United States Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval (“SEDAR”), and may be accessed on the SEC’s website at https://www.sec.gov/ and SEDAR’s website at https://www.sedarplus.ca/ as well as our subsequent reports on Form 6-K filed with the SEC and also available on SEDAR.

ADN Telecom signs multi-year Telesat Lightspeed partnership agreement

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