Telesat Revenue Grows as It Awaits Word on New Ownership

摘要

Satellite fleet operator Telesat of Canada on May 1 said its most likely near-term ownership scenario is for majority shareholder Loral Space and Communications to sell itself to a new owner, which then would negotiate a shareholder agreement with existing minority owner PSP Investments of Canada. New York-based Loral has been evaluating prospective bids since early March. While it waits to learn who its new owner will be, Ottawa-based Telesat continues to reduce its debt and manage its business as the world's fourth-largest satellite fleet operator by revenue.