Telesat Secures Government Loans for Satellite Project

Telesat Corp (TSE:TSAT) has released an update.

Telesat LEO, a subsidiary of Telesat Corporation, has secured significant funding through loan agreements with the Canadian and Québec governments for its Telesat Lightspeed satellite project. The loans, totaling $2.54 billion, come with equity warrants and are aimed at supporting the development of a Low Earth Orbit broadband satellite constellation. This strategic financial move is expected to enhance Telesat’s satellite services and connectivity solutions.

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