PARIS— Canadian satellite fleet operator Telesat, which has struggled to secure financing of its proposed Telesat LEO broadband satellite constellation, has submitted a bid to purchase the assets of competing broadband constellation OneWeb Global Ltd.

Telesat, which had tried to win over British government support for LEO, will compete with a British government-led offer for OneWeb, industry officials said.

Officials said Telesat — like most other observers of the OneWeb bankruptcy proceeding — had assumed that the British government would never make a bid on its . . .

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