Telesat announces equity distribution of Telesat Lightspeed business

Core Insights - Telesat has completed the distribution of 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary, which is wholly-owned by Telesat Canada's parent entities [1] - The transaction does not result in any changes to the company's operations [1] Company Overview - Telesat is recognized as one of the largest and most successful global satellite operators, known for its engineering excellence and industry-leading customer service [2] - The company is focused on delivering critical connectivity solutions to address complex communications challenges, driving profitable growth for its customers [2] - Telesat Lightspeed, the company's advanced Low Earth Orbit (LEO) satellite network, aims to provide high-capacity, secure, and resilient links with fibre-like speeds, catering to telecom, government, maritime, and aeronautical sectors [2]