Telesat Canada Announces Pricing of US$500 Million Secured Notes Offering to Fund Satellite Constellation

OTTAWA, CANADA, April 13, 2021 (Telesat Canada PR) – Telesat Canada (“Telesat”) today announced the pricing of an offering (the “Offering”) of US$500 million aggregate principal amount of 5.625% senior secured notes due 2026 (the “Senior Secured Notes”) by Telesat and Telesat LLC. The Senior Secured Notes will be secured by a first priority lien on the collateral that secures Telesat’s existing credit agreement and existing 4.875% senior secured notes due 2027. The Senior Secured Notes are expected to be issued on or around April 27, 2021, subject to customary closing conditions.

Telesat intends to use the net proceeds from the Offering to fund additional investment into one or more unrestricted subsidiaries for the development of Telesat Lightspeed, Telesat’s Low Earth Orbit (LEO) satellite network, for the payment of fees and expenses related to the Offering, and if the funding needs of Telesat Lightspeed are less than currently anticipated, for general corporate purposes.

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Telesat Lightspeed to Receive $400 Million Investment from the Government of Québec

  • The Lightspeed program is expected to bring $1.8 billion of investment into the Québec aerospace sector, creating 600 new highly-skilled, high-paying jobs and billions of dollars in economic growth.
  • Telesat selects Canada’s MDA to deliver the state-of-the-art phased array antennas for Lightspeed satellites.
  • Telesat’s prime contractor, Thales Alenia Space, will establish the Lightspeed satellites’ final assembly and manufacturing in Québec and is in discussions with Québec-based partners.

MONTRÉAL (Telesat PR) – Telesat, one of the world’s largest satellite operators, announced today that it has entered into a Memorandum of Understanding (MOU) with the Government of Québec for an investment of $400 million [US $317 million] into Telesat Lightspeed, Telesat’s highly advanced Low Earth Orbit (LEO) satellite network. Telesat will invest $1.6 billion [US $1.27 billion] into Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations. The Lightspeed program will create 600 high-paying STEM jobs, leverage Québec’s substantial aerospace expertise and infrastructure, and allow the province to harness the significant economic growth from the burgeoning New Space Economy.

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MDA Selected for Major Role on Telesat Lightspeed Satellite Constellation

MONTREAL, February 18, 2021 (MDA PR) — MDA announced today that it has been selected to provide one of the critical technology subsystems on Telesat Lightspeed, the Low Earth Orbit (LEO) satellite broadband network recently unveiled by Telesat, one of the world’s largest satellite operators. With advanced antenna design and manufacturing capabilities at its modern facility in Ste-Anne-de-Bellevue, this job-creating project enjoys the support of the Government of Quebec through a financial contribution.

MDA will develop the Direct Radiating Array (DRA), a revolutionary phased array, electronically-steered multi-beam antenna that will provide unlimited coverage flexibility and agility through advanced beam-forming technology. This configuration will achieve any-beam, anytime, anywhere coverage over the entire visible Earth. This new technology represents a major and key investment for the success of MDA’s Satellite Systems business, as it is expected that most LEO, Medium Earth Orbit (MEO) and geostationary (GEO) satellite markets will migrate to these technologies in the future. MDA will deliver over 1000 units. MDA is also in advanced discussions with Thales Alenia Space for the Lightspeed satellites’ final assembly and manufacturing in Québec.

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Telesat to Redefine Global Broadband Connectivity with Telesat Lightspeed, the World’s Most Advanced Low Earth Orbit (LEO) Satellite Network

Thales Alenia Space Selected to Manufacture First-of-its-kind Dynamic LEO Broadband Network with Services Starting in 2023

OTTAWA, CANADA, February 09, 2021 (Telesat PR) – Telesat, one of the world’s largest satellite operators, announced today that it has entered into an agreement with Thales Alenia Space to be the prime manufacturer of Telesat’s global LEO constellation, Lightspeed, initially comprised of a fleet of 298 next-generation satellites integrated with an advanced ground network. Lightspeed is the most innovative, cutting-edge broadband satellite network ever conceived. Thales Alenia Space and its affiliate Telespazio have made a Lightspeed capacity commitment in connection with the agreement.

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Telesat to Become Public Company through Agreement with Loral Space & Communications and PSP Investments

Telesat to remain Canadian controlled, will become a publicly listed company on Nasdaq, and is considering listing on a Canadian stock exchange.

OTTAWA, CANADA, November 24, 2020 (Telesat Canada PR) – Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.  

The shares of Telesat will be listed on the Nasdaq Global Select Market at the closing of the transaction, the market on which Loral is currently listed, and Telesat is also considering a listing on a Canadian stock exchange in connection with the closing of the transaction in 2021. Telesat Corporation will be headquartered in Ottawa and led by Telesat Canada’s Chief Executive Officer Daniel S. Goldberg. Telesat’s voting and governance provisions will ensure that the company is and remains Canadian-controlled.

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Telesat, Canadian Government Finalize $600M Agreement to Bridge Canada’s Digital Divide with Telesat’s LEO Satellite Constellation

OTTAWA, CANADA, November 9, 2020 (Telesat PR) – Telesat and the Government of Canada announced today the completion of their agreement to ensure affordable, high-speed broadband connectivity across all of Canada with Telesat’s advanced, state-of-the-art Low Earth Orbit (LEO) satellite constellation.

Following a Memorandum of Understanding signed in July 2019, this $600 million CAD (US $459.4 million) agreement enables Internet and mobility service providers to acquire Telesat LEO capacity at substantially reduced rates to bring universal broadband connectivity to rural, Northern and Indigenous communities across Canada. Telesat will be eligible to receive amounts under the agreement over a ten year period once the Telesat LEO constellation enters service.

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Telesat U.S. Services Awarded DARPA Contract for Blackjack Track B Research, Development and in-Orbit Demonstration with Telesat LEO

Telesat U.S. Services will deliver two spacecraft in less than one year to showcase the use of Optical Inter-Satellite Links in orbit for government requirements

ARLINGTON, VIRGINIA, October 14, 2020 (Telesat U.S. Services PR) – Telesat U.S. Services, LLC, a wholly owned subsidiary of leading global satellite operator Telesat, has been awarded a contract by DARPA (Defense Advanced Research Projects Agency) for the development and in-orbit demonstration of commercial low-Earth-orbit (LEO) spacecraft buses in a LEO constellation network with robust low-latency communications features as part of DARPA’s Blackjack program.

Following Telesat’s initial 2018 contract for system engineering and interface definition under the Blackjack Phase 1 program, Telesat U.S. Services will develop and demonstrate the Blackjack Phase 2/3 Track B technology, including in-orbit testing the capabilities of Optical Inter-Satellite Links (OISLs).  

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Constellationizing Space: Chinese Company Seeks Approval to Launch Nearly 13,000 Satellites

by Douglas Messier
Managing Editor

Larry Press reports a Chinese company named GW has filed for spectrum allocation from the International Telecommunication Union for two broadband constellations called GW-A59 and GW-2 that would include 12,992 satellites.

The size of GW’s request indicates to Press that the company would compete globally with broadband constellations being built by SpaceX, OneWeb and Amazon. He wrote:

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Canadian Government to Invest in Telesat Satellite Broadband Program

Credit: Telesat

OTTAWA (Innovation, Science and Economic Development Canada PR) — Canada’s future depends on connectivity. In today’s digital world, access to high-speed Internet is a necessity for success. That is why the Government of Canada is investing in innovative satellite technologies to help improve high-speed broadband access for all Canadians, particularly in rural and remote regions.

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an $85 million investment in Canadian satellite company Telesat to build and test innovative technologies for its low-earth-orbit (LEO) satellite constellation. Telesat’s constellation will significantly improve global connectivity and expand high-speed Internet coverage to rural and remote regions throughout Canada, including the Far North. 

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Manufacturing Teams Complete System Definition and Risk Management Phase for Telesat Constellation

Credit: Telesat

OTTAWA, Ont. and WASHINGTON, DC, May 6, 2019 (Telesat PR) – Telesat announced today that the two teams it contracted with to develop system designs for Telesat’s global low earth orbit (LEO) satellite constellation have successfully completed the System Definition and Risk Management Phase of the program. One of the teams is Airbus Defence and Space. The other is a consortium of Thales Alenia Space and Maxar Technologies, the owner of SSL and MDA.

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Amazon Constellation Sends Number of Planned Communications Satellites Soaring Above 20,000

F6 satellite (Credit: OneWeb)

by Douglas Messier
Managing Editor

Jeff Bezos’ Amazon has jumped into a crowded field of companies seeking to provide high-speed broadband, data and other communications services to the entire globe.

Amazon’s Kuiper constellation of 3,236 satellites brings the total number of spacecraft in the 16 announced systems to 20,241 spacecraft. The competition includes SpaceX, Boeing, Telesat, SES and government-backed companies in China and Russia.

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Relativity Contracts with Telesat to Provide Launch Services for Telesat’s Low Earth Orbit (LEO) Satellite Constellation

LOS ANGELES, April 5, 2019 (Relativity PR) — Relativity, the world’s first autonomous rocket factory and launch services leader, today announced a contract with Telesat, the renowned global satellite operator, that allows Relativity to play a role in Telesat’s innovative LEO satellite constellation.

Telesat will now have access to faster, more frequent and more flexible launches at the lowest cost using Relativity’s Terran 1, the world’s first fully 3D printed rocket designed and built using Relativity’s groundbreaking proprietary 3D printing technology platform.

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Blue Origin’s Powerful New Glenn Rocket to Launch Telesat’s Advanced Global LEO Satellite Constellation

Credit: Telesat

OTTAWA, Canada, January 31, 2019 (Telesat PR) – Telesat and Blue Origin have signed a multi-launch agreement that paves the way for the powerful New Glenn rocket to play a key role in Telesat’s deployment of its global LEO satellite constellation that will deliver fiber-like broadband services anywhere on Earth. Telesat’s LEO program will gain significant cost savings and other advantages by launching with Blue Origin’s heavy-lift New Glenn.

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Thales Alenia Space, Maxar Consortium Achieve Major Milestone in Design Phase of Telesat’s LEO Satellite Constellation

CANNES, France and WESTMINSTER, CO, Jan. 24, 2019 Thales Alenia Space/Maxar PR) – Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), and SSL, a Maxar Technologies company (NYSE: MAXR; TSX: MAXR), have completed an important milestone for the Telesat LEO constellation. The success of the consortium’s System Requirements Review (SRR) demonstrates increasing momentum for Telesat’s global communications system design and was highlighted by three satellite industry leaders agreeing on key innovations that will enable Telesat LEO to deliver breakthrough performance and affordability.

As previously announced, Telesat selected the consortium of Thales Alenia Space and Maxar Technologies, the owner of SSL and MDA, as one of two contractors for its LEO system design phase. The consortium, led by Thales Alenia Space, is designing an end-to-end communications system, including satellites, landing stations, user terminals, operations centers, and ground network.

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