LA PLATA, Maryland — Satellite fleet operator Telesat said its declining GEO-satellite division has enough cash to manage the business in 2026 but not enough to refinance $1.7 billion in debt coming due starting in December.
Lawsuits filed in January by the GEO-division creditors continue to make their way through courts in Ontario and New York.
The bondholders argue that Telesat’s separation of the GEO and LEO businesses illegally moved the company’s future, which is in LEO, out of the reach of its . . .
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