Sovereign Connectivity

Telesat's Best Day in 57 Years Went to the Entity the Lenders Cannot Reach

Canada committed up to C$2.7 billion on Tuesday morning. The counterparty was Telesat LEO ULC, which is the part of the group the term lenders are in court trying to get back.

GEO Economics

Telesat Says Its Cash Will Not Cover December. Ottawa Is Still Funding Lightspeed

Telesat GEO told its auditors that the cash will not cover December. Ten months earlier, 62 percent of the Lightspeed equity moved outside the reach of the lenders who are now suing to get it back. Ottawa is still funding the entity on the protected side of that wall.