Telesat is a Canadian satellite communications company and operator, providing connectivity solutions to telecom, government, and enterprise clients globally. They are currently developing Telesat Lightspeed, a low Earth orbit (LEO) constellation of 198 satellites designed for high-speed, low-latency broadband services. Telesat partners with companies like MDA Space, Orange, and Intellian for satellite manufacturing, terrestrial infrastructure, and user terminals. The company aims to begin launching satellites in 2026, with the constellation fully operational by 2027.
Identity changes, mergers, acquisitions, splits, and transferred business lines.
2 events
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.
Telesat Canada, founded May 2, 1969 as a Crown corporation by Act of Parliament (launched Anik A1 in 1972, the world's first commercial domestic geostationary comsat), was privatized and sold by the Canadian federal government to Bell Canada in 1998.