Bullboard - Stock Discussion Forum Telesat Class B Variable Voting Ord Shs Class A T.TSAT

Alternate Symbol(s): TSAT

Telesat Corporation is a Canada-based global satellite operators. The Company provides mission-critical communications solutions support the requirements of sophisticated satellite users throughout the world. The Company operates through two segments: geostationary (GEO), and Low Earth Orbit (LEO). The Company has developed a global network composed of 198 state-of-the-art LEO satellites... see more

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Telesat Class B Variable Voting Ord Shs Class A > Telesat Completes $2.54 Billion Funding Agreements

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Post by Betteryear2 on Sep 13, 2024 1:24pm

Telesat Completes $2.54 Billion Funding Agreements

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.

Telesat Completes $2.54 Billion Funding Agreements for (globenewswire.com)