Canada, Quebec give billions of dollars for satellite production [Financial Post (Toronto, Ontario, Canada)]
Telesat Corporation (TSAT)
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. MONTREAL — The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat Holdings Inc., to help the company build its broadband satellite constellation. Quebec's government, meanwhile, announced a loan of $400 million to the company, which has contracted aerospace technology firm MDA to build its satellites in Ste-Anne-de-Bellevue, Que., in the Montreal area. Speaking to reporters today in Ste-Anne-de-Bellevue, Prime Minister Justin Trudeau said the Telesat Lightspeed Low Earth Orbit broadband satellite constellation will enable Canadians in the most remote parts of the country to connect with cheaper, more reliable internet. A news release from the Office of the Prime Minister says Ottawa's loan will help create 2,000 jobs in Canada. Quebec Premier Francois Legault told reporters Telesat plans to create 967 jobs in the province. Trudeau said Ottawa-
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- Telesat Corp (TSAT) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines and Strategic ... [Yahoo! Finance]Yahoo! Finance
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- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024GlobeNewswire
TSAT
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 10/7/24 - Form SC
- TSAT's page on the SEC website