Skip to content

Canadian-based global satellite operator Telesat Corporation has become a public company with shares listed on the Nasdaq Global Select Market (NASDAQ) and Toronto Stock Exchange (TSX) under the ticker symbol TSAT, following the closing of a transaction in which Loral Space & Communications’ stockholders and Telesat Canada’s other equity holders exchanged their interests for equity in Telesat’s new public holding structure. Telesat Canada and Loral are now subsidiaries of Telesat Corporation, which remains Canadian-controlled. PSP (Public Sector Pension) Investments and MHR Fund Management control approximately 37% and 36% respectively of the group’s outstanding equity.

A press release declared that the dual-listing is strategically important for driving Telesat’s growth plans including its government-funded Telesat Lightspeed Low Earth Orbit (LEO) satellite network rollout. Telesat Lightspeed will enable fixed broadband, LTE and 5G connectivity in Canada starting in 2024, expected to support faster data services in various regions of the country whilst connecting approximately 40,000 households in remote regions and providing services for business clients in industries such as air transport and shipping.

Thanks to TeleGeography for this industry update.

Related Posts

Using Network TAPs to enhance network security in School Networks

Using Network TAPs to enhance network security in School Networks

Enhance school network security with Network TAPs for improved visibility, threat detection, and compliance with regulations
The Definitive Guide to Synchronized Clock Systems in 2025

The Definitive Guide to Synchronized Clock Systems in 2025

Accurate and synchronized timekeeping is more than just a convenience—it’s a critical component of operational efficiency, safety, and compliance. Whether…
TAPs Overview: The Start of Visibility - 2024

TAPs Overview: The Start of Visibility - 2024

The Evolution of Network Visibility: Why TAPs Are Key Network change is accelerating, driven by growing complexity, new regulations, cloud…
WiFi and LAN network testing with Candela Technologies

WiFi and LAN network testing with Candela Technologies

WiFi and LAN networks are the backbone of modern businesses, and testing them is essential to prevent outages, optimize performance,…
How to Upgrade an Old School Clock System Without Breaking the Bank

How to Upgrade an Old School Clock System Without Breaking the Bank

Upgrading your old clock system can seem like a costly endeavor—between equipment, installation, and potential downtime, the expenses can add…