Telesat Completes $2.54 Billion Funding Agreements for Telesat Lightspeed Satellite Constellation with Strong Government Backing [Financial Post (Toronto, Ontario, Canada)]
Telesat Corporation (TSAT)
Company Research
Source: Financial Post
Telesat Lightspeed program will create and sustain thousands of high-quality Canadian jobs and deliver billions of dollars of investment in the Canadian economy MONTREAL, Sept. 13, 2024 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the completion of funding agreements with the Government of Canada and the Government of Quebec for its highly advanced Telesat Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. With this milestone completed, Telesat now has all financing sources in place to fund the global Telesat Lightspeed network, including the satellites, launch vehicles to deploy them, an integrated terrestrial network of landing stations and points of presence throughout the world, and the business and operational support systems for the network. All amounts are in Canadian dollars unless otherwise noted. As previously disclosed, the Government of Canada loan is for $2.14
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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