Cable & Telecom

Government pension fund, Loral, buy Telesat for $3.25 billion

MONTREAL and OTTAWA – Telesat won't be going public after all. Bell Canada Enterprises announced this morning it has sold 100% of the satellite company to Public Sector Pension Investment Board and Loral Space & Communications. The two companies (PSPIB is a crown corp.) will pay $3.25 billion plus the assumption of $172 million of debt, under a newly formed joint venture between PSP Investments and Loral (all figures in C$). The new Canadian holding company will be known as Telesat and will continue to be based in Ottawa. The company had previously announced its intention to explore all options...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.