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Stocks in play: Telesat

Baystreet.ca - Baystreet - Mon Apr 1, 8:51AM CDT

Telesat received a letter in late March from Canada’s Minister of Innovation, Science and Industry regarding an investment in Telesat Lightspeed. The letter states that, following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest $2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation. Telesat shares T.TSAT are trading up $0.84 at $12.35.

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