Displaying items by tag: Telesat

Telesat Canada, or Telesat, is a global fixed satellite services operator providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. In 2013, Telesat is the fourth-largest fixed satellite services provider in the world.

Telesat Canada was founded on May 1969. It is headquartered in Ottawa, Canada, with offices and facilities around the world. In 2013, the company's fleet consists of 13 satellites and the Canadian Ka-band payload on ViaSat-1, plus one satellite awaiting launch. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc.

On October 5, 2007 Loral Space & Communications Inc. and the Public Pension Investment Board of Canada received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. for CAD $3.25 billion. The acquisition closed on October 31, 2007, with Loral owning 64 percent of Telesat.

At the same time, Telesat Canada merged with Loral Skynet, a subsidiary of Loral Space & Communications. Loral Skynet was a full-service global satellite operator headquartered in Bedminster, New Jersey. This resulted in the transfer of all of the assets of Loral Skynet to Telesat.