{"id":56282,"date":"2021-11-19T21:12:52","date_gmt":"2021-11-19T13:12:52","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/telesat-becomes-a-public-company\/"},"modified":"2021-11-19T21:12:52","modified_gmt":"2021-11-19T13:12:52","slug":"telesat-becomes-a-public-company","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/telesat-becomes-a-public-company\/","title":{"rendered":"Telesat Becomes a Public Company"},"content":{"rendered":"<\/p>\n<figure id=\"attachment_337064\" aria-describedby=\"caption-attachment-337064\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-337064\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-800x450.jpg\" alt=\"\" width=\"800\" height=\"450\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-800x450.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-300x169.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-1536x864.jpg 1536w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-2048x1152.jpg 2048w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-356x200.jpg 356w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2021\/11\/Telesat-Allan-Park-1000x563.jpg 1000w\" sizes=\"(max-width: 800px) 100vw, 800px\"><figcaption id=\"caption-attachment-337064\" class=\"wp-caption-text\">Telesat\u2019s Allan Park teleport location, outside of Toronto. Photo: Telesat<\/figcaption><\/figure>\n<\/p>\n<p><strong>Telesat<\/strong> is now a public company, which the Canadian operator says will bring investment opportunities for its planned broadband constellation Lightspeed. Friday marked the completion of a deal first announced in November 2020, and one that was long anticipated.&nbsp;<\/p>\n<p>Telesat will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol \u201cTSAT\u201d.&nbsp;<\/p>\n<p>The company closed a transaction with co-owners <b>Loral Space &amp; Communications<\/b> and the Public Sector Pension Investment Board (PSP Investments), in which Loral\u2019s stockholders and Telesat Canada\u2019s other equity holders exchanged their interests for equity in Telesat\u2019s new public holding structure. Telesat did not issue new equity to raise additional cash financing as part of the transaction.&nbsp;<\/p>\n<p>In total, Telesat Corporation and Telesat Partnership are expected to have 49,546,940 shares and units outstanding, of which a total of 11,907,246 Class A common shares and Class B variable voting shares of Telesat Corporation will be outstanding initially.&nbsp;<\/p>\n<p>Telesat Canada and Loral are now subsidiaries of Telesat Corporation, which will continue to be led by Telesat\u2019s President and CEO Dan Goldberg.<\/p>\n<p>\u201cToday\u2019s announcement marks a major milestone for Telesat, driving forward our plans for growth, innovation and increased value for our customers, partners, employees and shareholders,\u201d said Goldberg. \u201cBy rationalizing our corporate structure and providing access to the public equity markets, this dual-listing enhances Telesat\u2019s ability to execute on its compelling investment opportunities to drive our growth \u2014 and the future of global broadband connectivity \u2014 including our transformative Telesat Lightspeed Low Earth Orbit satellite network.\u201d<\/p>\n<p>Telesat is in the process of building its LEO constellation Lightspeed and has entered a number of funding agreements over the past year for the project. In August, the government of Canada agreed to invest an additional $1.44 billion Canadian dollars into the constellation if the operator meets capital and operating expenditures requirements. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telesat\u2019s Allan Park teleport location, outside of Toronto. Photo: Telesat Telesat is now a public company, which the Canadian operator says will bring investment opportunities for its planned broadband constellation Lightspeed. Friday marked the completion of a deal first announced in November 2020, and one that was long anticipated.&nbsp; Telesat will begin trading on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-56282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56282"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=56282"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/48330"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}