financetom
Business
financetom
/
Business
/
Telesat Buys Real Estate in Timmins to Develop Landing Station Site for Satellite Network
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telesat Buys Real Estate in Timmins to Develop Landing Station Site for Satellite Network
Oct 16, 2025 5:46 AM

08:16 AM EDT, 10/16/2025 (MT Newswires) -- Telesat ( TSAT ) said Thursday that it purchased a land plot on Laforest Road from the City of Timmins.

The site will serve as a landing station to connect data from Telesat's ( TSAT ) advanced low earth orbit satellite network, Telesat Lightspeed, to terrestrial points of presence and fibre in Northern Ontario.

Telesat ( TSAT ) said its Telesat Lightspeed space program will extend the reach of terrestrial telecom networks in rural and remote communities, while also serving an important role in protecting the Arctic and Canada's sovereignty as well as delivering high-performing broadband connectivity for the energy, mining, aviation and maritime industries.

"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," said Asit Tandon, Telesat's ( TSAT ) chief network and information officer.

"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," Tandon said.

Site preparation is now underway for the Timmins landing station, with construction of satellite antennas and networking equipment to commence in the spring of 2026, Telesat ( TSAT ) said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Saudi Aramco signs three MOUs with American companies Aeroseal, Spiritus and Rondo
Saudi Aramco signs three MOUs with American companies Aeroseal, Spiritus and Rondo
May 17, 2024
DUBAI, May 17 (Reuters) - Saudi Arabia's state oil giant Aramco signed on Friday three memorandums of understanding (MOU) with American companies Aeroseal, Spiritus and Rondo, the company said in a statement. Under the MOUs the companies will aim to advance their development of potential lower-carbon energy solutions, the statement added. ...
Olo Expands Collaboration With TRAY to Offer Payment Technology Through Point of Sale
Olo Expands Collaboration With TRAY to Offer Payment Technology Through Point of Sale
May 17, 2024
10:11 AM EDT, 05/17/2024 (MT Newswires) -- Olo (OLO) said Friday it has expanded its collaboration with TRAY, a restaurant management platform, to offer Olo Pay card-present payment processing through point of sale and an integration with the Olo Engage product suite. Under the terms, the companies will expand the integration of Olo Order by including automated menu synchronization, the...
--Air Products and Chemicals Keeps Quarterly Dividend at $1.77 Per Share, Payable Aug. 12, to Stockholders on July 1
--Air Products and Chemicals Keeps Quarterly Dividend at $1.77 Per Share, Payable Aug. 12, to Stockholders on July 1
May 17, 2024
10:04 AM EDT, 05/17/2024 (MT Newswires) -- Price: 257.54, Change: +0.50, Percent Change: +0.19 ...
Tesla Must Climb 'Everest' to Win Shareholder Approvals, Chair Tells Financial Times
Tesla Must Climb 'Everest' to Win Shareholder Approvals, Chair Tells Financial Times
May 17, 2024
10:11 AM EDT, 05/17/2024 (MT Newswires) -- Tesla (TSLA) is facing a daunting challenge to win its shareholders' approval of motions to move the company to Texas and pay Chief Executive Elon Musk's $56 billion compensation package, the Financial Times reported Friday, citing Chair Robyn Denholm. It's like Mount Everest, Denholm said to the FT. It's a huge hill to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved