Telesat announces equity distribution of Telesat Lightspeed business

Telesat (NASDAQ:TSAT) said on Friday that it 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.

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Telesat announces equity distribution of Telesat Lightspeed business

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