Loral shareholders OK deal allowing Telesat to become publicly traded on Nasdaq, benefiting Lightspeed constellation

by Peter B. de Selding

DEGAGNAC, France — Loral Space and Communications shareholders approved a transaction leading to satellite operator Telesat’s becoming a public company, satisfying a condition of the Canadian government's debt and equity investment into Telesat’s Lightspeed broadband satellite constellation.

With the Aug. 23 Loral vote, Telesat will replace Loral on the U.S. Nasdaq stock exchange this autumn.

The Canadian government agreement with Telesat on Lightspeed still needs final signatures, including an additional equity investment by the government. Telesat Chief Executive Daniel S . . .

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