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Telesat
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
Telesat began in 1969 as Telesat Canada, a Canadian Crown corporation created by an Act of Parliament. Telesat Canada launched Anik A1 in 1972 as the world's first domestic communications satellite in geostationary orbit operated by a commercial company; this satellite was retired from use in 1981.[citation needed] Until February 1979, Telesat had a legal monopoly on Earth stations in Canada: any entity wishing to send or receive satellite signals had to sign a long-term lease with Telesat Canada for an Earth station.[citation needed] Contracts for such leases were still enforced after the monopoly was ended.[citation needed]
Telesat Canada was privatized and sold by the federal government to Bell Canada in 1998.
On December 18, 2006, Loral Space & Communications announced that it, along with Canada's Public Sector Pension Investment Board (PSP Investments), would acquire Telesat for US$2.8 billion. On October 5, 2007, they received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. (the new holding company for Bell) for CAD$3.25 billion. The acquisition closed on October 31, 2007, with Loral owning 63% of Telesat.
At the same time, Telesat merged with Loral Skynet (formerly AT&T Skynet), a subsidiary of Loral Space & Communications. Loral Skynet was a full-service global satellite operator headquartered in Bedminster, New Jersey. This resulted in the transfer of all of the assets of Loral Skynet to Telesat.
Telesat announced on December 30, 2009, that Nimiq 6 was built by Space Systems/Loral (SS/L). Bell Satellite TV, a Canadian satellite TV provider agreed to fully lease the satellite for its lifetime to serve their subscribers across Canada. Nimiq 6 has a payload of 32 high-powered Ku-band transponders. It uses the SS/L1300 platform and has a 15-year mission life. It was launched in 2012 by International Launch Services (ILS).
On November 17, 2010: Telesat Holdings Inc. hired JPMorgan Chase & Co., Morgan Stanley and Credit Suisse Group AG to start a formal sales process and offer so-called staple financing to interest buyers for $6 billion to $7 billion.
MHI Launch Services (formerly H-IIA Launch Services) ) launched Telstar 12 VANTAGE for Telesat in November 2015 on a H2A204 variant of the H-IIA rocket, and it commenced service in December 2015.
Telesat
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
Telesat began in 1969 as Telesat Canada, a Canadian Crown corporation created by an Act of Parliament. Telesat Canada launched Anik A1 in 1972 as the world's first domestic communications satellite in geostationary orbit operated by a commercial company; this satellite was retired from use in 1981.[citation needed] Until February 1979, Telesat had a legal monopoly on Earth stations in Canada: any entity wishing to send or receive satellite signals had to sign a long-term lease with Telesat Canada for an Earth station.[citation needed] Contracts for such leases were still enforced after the monopoly was ended.[citation needed]
Telesat Canada was privatized and sold by the federal government to Bell Canada in 1998.
On December 18, 2006, Loral Space & Communications announced that it, along with Canada's Public Sector Pension Investment Board (PSP Investments), would acquire Telesat for US$2.8 billion. On October 5, 2007, they received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. (the new holding company for Bell) for CAD$3.25 billion. The acquisition closed on October 31, 2007, with Loral owning 63% of Telesat.
At the same time, Telesat merged with Loral Skynet (formerly AT&T Skynet), a subsidiary of Loral Space & Communications. Loral Skynet was a full-service global satellite operator headquartered in Bedminster, New Jersey. This resulted in the transfer of all of the assets of Loral Skynet to Telesat.
Telesat announced on December 30, 2009, that Nimiq 6 was built by Space Systems/Loral (SS/L). Bell Satellite TV, a Canadian satellite TV provider agreed to fully lease the satellite for its lifetime to serve their subscribers across Canada. Nimiq 6 has a payload of 32 high-powered Ku-band transponders. It uses the SS/L1300 platform and has a 15-year mission life. It was launched in 2012 by International Launch Services (ILS).
On November 17, 2010: Telesat Holdings Inc. hired JPMorgan Chase & Co., Morgan Stanley and Credit Suisse Group AG to start a formal sales process and offer so-called staple financing to interest buyers for $6 billion to $7 billion.
MHI Launch Services (formerly H-IIA Launch Services) ) launched Telstar 12 VANTAGE for Telesat in November 2015 on a H2A204 variant of the H-IIA rocket, and it commenced service in December 2015.
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