Telesat Corporation (TSE:TSAT) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Telesat Corporation announced that the Canadian government is set to invest CAD$2.14 billion in its Lightspeed LEO satellite project through a loan with a 15-year maturity. The deal, which also includes the government receiving warrants for a 10% stake in Telesat’s subsidiary, is subject to the negotiation of definitive agreements and satisfaction of certain conditions. While signaling a boost for Canada’s high-tech job market and capital expenditure, there is no certainty that the terms will be finalized as described or that the investment will proceed as anticipated.
For further insights into TSE:TSAT stock, check out TipRanks’ Stock Analysis page.
