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Telesat to receive $1.44 billion through Government of Canada investment, a major milestone towards completing the financing of Telesat Lightspeed

Telesat, one of the world’s largest and most innovative satellite operators, announced today that it expects to receive a $1.44 billion investment from the Government of Canada to support Telesat Lightspeed, the world’s most advanced Low Earth Orbit (LEO) satellite network. This investment will drive economic growth and innovation in Canada and help ensure affordable broadband Internet and LTE/5G connectivity for all Canadians.

Telesat Reports Results for the Quarter Ended March 31, 2021

OTTAWA, CANADA, May 14, 2021 – Telesat today announced its financial results for the three-month period ended March 31, 2021. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.

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