For Loral, the end of a long wait. For Telesat, LEO equity light at the end of the tunnel in six months

by Peter B. de Selding

PARIS — Loral Space and Communications Vice Chairman Michael B. Targoff said it would take a book to list all the reasons why the merger of Telesat and Loral into a single, publicly traded company — an obvious advantage for Telesat — took years to complete.

It’s still expected to take up to six month to complete given the number of U.S. and Canadian regulatory approvals needed. But industry officials said this delay, in itself, will not be a headwind for Telesat’s LEO satellite broadband project.

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