Loral Space & Communications and PSP Investments acquire Telesat from Bell Canada
- Acquired organization
- Telesat
- Seller
- Bell Canada
Event context
Loral Space & Communications and Canada's Public Sector Pension Investment Board (PSP Investments) acquired Telesat from Bell Canada for US$2.8 billion, completed October 2007, with Loral holding 63% ownership. Telesat later went public on Nasdaq and the Toronto Stock Exchange in 2021.