Telesat — Good News For Canadian SatOps - FTA Files Forums for all FTA Satellite Receivers

**Putski** · #1 (**permalink**) 03-07-2010, 01:23 PM

Telesat — Good News For Canadian SatOps March 04, 2010

Company website...Telesat expresses support for the Canadian government’s Throne Speech and Budget commitment to remove foreign ownership restrictions on Canadian satellite operators.

By providing Canadian operators with access to new sources of capital as well as the ability to diversify their shareholder base, the policy will foster investment and innovation in this important industry.

While Canada’s satellite communications market has been fully open to foreign operators for more than ten years, Canadian satellite companies remain subject to ownership restrictions.

This places them at a substantial disadvantage to larger foreign competitors in today’s highly competitive global market.

“Telesat strongly supports the government’s decision to remove the foreign investment restrictions for our industry”, said Dan Goldberg, Telesat’s President and CEO. “Although Telesat has invested billions of dollars in its satellite fleet to date, we need to continue to increase our scale in an industry where size confers key competitive advantages.

By removing the investment restrictions, Telesat will be a more effective global competitor and able to invest in new and advanced technologies for the benefit of all Canadians.”

Headquartered in Ottawa, Canada, with offices and facilities around the world, Telesat is the fourth largest fixed satellite services operator.

The company provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers.

Telesat has a global state-of-the-art fleet of 12 satellites, with two more under construction, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ:LORL).

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