PARIS — The government of Québec will purchase 200 million Canadian dollars ($158 million) of preferred stock in Telesat and provide the same amount in a loan to Telesat as part of an agreement to anchor much of Telesat’s Lightspeed broadband constellation development in the province.

The deal follows a 2019 agreement with the government of Canada valued at $1 billion over 10 years:

The government’s agreement with Telesat — still only a memorandum of . . .

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