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Telesat purchases real estate in Timmins to develop Landing Station site for Telesat Lightspeed Low Earth Orbit (LEO) satellite network

1. Telesat acquires land in Timmins for a new Landing Station. 2. The site will connect Telesat Lightspeed satellite network to terrestrial systems. 3. This project aims to enhance broadband access in rural communities. 4. Telesat Lightspeed is Canada's largest space program to date. 5. Construction will commence in Spring 2026, signaling significant local investment.

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Why Bullish?

The establishment of a Landing Station enhances Telesat's operational capability and competitive edge.

How important is it?

The news indicates substantial investment and infrastructure development, crucial for TSAT's future growth.

Why Long Term?

The long-term implications of enhanced connectivity will benefit Telesat's growth trajectory and market positioning.

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October 16, 2025 07:30 ET  | Source: Telesat OTTAWA, Ontario and TIMMINS, Ontario, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Timmins Economic Development today announced that Telesat purchased a land plot on Laforest Road from the City of Timmins. This site will serve as a Landing Station to connect data from its advanced LEO satellite network, Telesat Lightspeed, to terrestrial Points of Presence and fibre in Northern Ontario. Telesat Lightspeed, the largest space program in Canada’s history, will help bridge the digital divide by extending the reach of terrestrial telecom networks in rural and remote communities. Additionally, it is expected to serve an important role in protecting the Arctic and Canada’s sovereignty and deliver high-performing broadband connectivity for the energy, mining, aviation and maritime industries. The satellite constellation in space is seamlessly integrated with terrestrial Landing Stations around the world, with built-in site redundancy and diversity to ensure that data reliably reaches its intended destination. “Timmins offers access to superior telecommunications infrastructure, including an extensive 2,200 km long haul fibre network, highly reliable hydroelectric infrastructure, and access to a multitude of energy solutions. These features, plus easy accessibility to Southern Ontario and Western Quebec, make Timmins an ideal location to meet the stringent resiliency requirements for our terrestrial Landing Station network. We appreciate the professionalism and responsiveness of Timmins Economic Development throughout our engagement.  -  Asit Tandon, Chief Network and Information Officer, Telesat “Timmins is proud to play a role in advancing Canada’s largest space program. Telesat’s investment highlights the strength of our city’s infrastructure and our position as a hub for innovation in Northern Ontario. By anchoring the Telesat Lightspeed network here, Timmins is helping to connect remote and rural communities, while also contributing to Canada’s growing new space economy. This project represents new opportunities for our community and reinforces that Timmins is on the map, not just in Ontario, but on a global scale.”  -  Mayor Michelle Boileau, City of Timmins “Telesat’s decision to establish a Landing Station in Timmins highlights the strategic advantages our city offers — from robust telecommunications to our prime geographic location in Northern Ontario. This project marks a significant milestone for Timmins, reinforcing our commitment to supporting innovative industries and attracting investment that drives economic growth. We look forward to continuing to work with Telesat as they advance this exciting initiative, contributing to the growth of our local space economy.”  -  Brenda Camirand, Director of Economic Development, City of Timmins Site preparation is now underway for the Timmins Landing Station. Crews have begun clearing the land and construction of satellite antennas and networking equipment will commence in the spring of 2026. About TelesatBacked 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 Timmins Economic DevelopmentTimmins Economic Development is the city’s community economic development team, which facilitates and supports economic and social activity that creates jobs, diversifies the economy and improves quality of life. Land AcknowledgementTimmins Economic Development acknowledges that we are located on the traditional Lands of Mattagami First Nation, Flying Post First Nation, and Matachewan First Nation, home to many Ojibway, Cree, Oji-Cree, Algonquin and Métis people. We also acknowledge that we are situated in Treaty 9 territory (also known as the James Bay Treaty), which is steeped in the rich Indigenous history of many First Nations, Métis and Inuit People. We make this acknowledgement as a first step in recognizing First Peoples’ long history and living culture, made with respect to Elders, both past and present. Media Contacts:W2 Communications for Telesattelesat@w2comm.com Timmins Economic DevelopmentKelsey Luxton705-360-2600 x7083Kelsey.luxton@timmins.ca Telesat 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,” “can,” “expected,” 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; tariffs; 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, 2024, that was filed on March 27, 2025, 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.

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