Telesat Corporation (TSE:TSAT) has released an update.
Telesat Corporation has secured a substantial C$2.14 billion loan from the Government of Canada to support its Telesat Lightspeed project, a Low Earth Orbit global broadband satellite constellation. The investment includes warrants for the government to acquire 10% of Telesat LEO Inc.’s common shares, based on a US$3 billion equity valuation. This strategic partnership aims to enhance Canada’s role in the New Space Economy and is expected to deliver significant capital and borrowing cost savings for Telesat, while also fostering innovation and job creation within the country.
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