The telemetry, tracking and control subsystem allows for two-way communication between the spacecraft and ground stations. It monitors the satellite's status through telemetry measurements of temperatures, voltages and currents, and allows ground stations to send commands to control the satellite's functions. Tracking involves measuring the time delay and Doppler shift of radio signals to determine the satellite's orbit and velocity. The subsystem is crucial for localizing the satellite, transmitting its health data, and receiving commands to perform operations.