Telesat announced on September 12, 2025, that it has completed the distribution of 62% of the equity of its Telesat Lightspeed business. This equity was distributed to an indirect subsidiary of Telesat Corporation.
The indirect subsidiary is wholly-owned by Telesat Canada’s parent entities and is a non-guarantor under Telesat Canada’s debt documents. This transaction represents an internal corporate restructuring.
Telesat stated that there are no changes to the Company’s operations as a result of this equity distribution. The move is an internal financial and legal restructuring related to the Lightspeed business.
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