Telesat has completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary of Telesat Corporation. The indirect subsidiary is wholly-owned by Telesat Canada’s parent entities and is a non-guarantor under Telesat Canada’s debt documents. There are no changes to the Company’s operations as a result of this transaction. Telesat is known for its legacy of engineering excellence, reliability, and industry-leading customer service. Telesat Lightspeed, the company’s Low Earth Orbit satellite network, is optimized to meet the connectivity demands of telecom, government, maritime, and aeronautical customers.

Read more at GlobeNewswire: Telesat announces equity distribution of Telesat Lightspeed