Telesat to become public company after merger with Loral Space

Will help bring in capital for LEO expansion OTTAWA — Saying it will remain Canadian controlled and headquartered in Ottawa, Telesat Canada today announced it has entered into an agreement with Loral Space & Communications Inc. and Public Sector Pension Investment Board (PSP Investments) to combine with Loral in a new publicly traded Canadian company to be called Telesat Corporation. New York-based Loral currently owns a 62.7% economic interest in Telesat Canada. The shares of the new Telesat company will be listed on the Nasdaq Global Select Market at the closing of the transaction, and Telesat is also considering a...