Telesat announces equity distribution of Telesat Lightspeed business
Telesat (NASDAQ/TSX: TSAT), a leading satellite operator, has announced the completion of an equity distribution involving its Telesat Lightspeed business. The company has distributed 62% of the equity to an indirect subsidiary of Telesat Corporation. This subsidiary is wholly-owned by Telesat Canada's parent entities and holds a non-guarantor status under Telesat Canada's debt documents.
The company emphasized that this internal restructuring will not affect its ongoing operations.
Telesat (NASDAQ/TSX: TSAT), operatore leader nel settore satellitare, ha annunciato il completamento di una distribuzione azionaria relativa al suo business Telesat Lightspeed. La società ha distribuito 62% del capitale a una controllata indiretta di Telesat Corporation. Questa controllata è interamente posseduta dagli enti capogruppo di Telesat Canada e detiene lo status di non garante ai sensi dei documenti di debito di Telesat Canada.
La società ha sottolineato che questa ristrutturazione interna non influenzerà le sue operazioni in corso.
Telesat (NASDAQ/TSX: TSAT), operador líder de satélites, ha anunciado la finalización de una distribución de capital relacionada con su negocio Telesat Lightspeed. La empresa ha distribuido el 62% del capital a una subsidiaria indirecta de Telesat Corporation. Esta subsidiaria es de propiedad total por las entidades matrices de Telesat Canada y ostenta el estatus de no garante conforme a los documentos de deuda de Telesat Canada.
La compañía enfatizó que esta reestructuración interna no afectará sus operaciones en curso.
Telesat (NASDAQ/TSX: TSAT), 위성 운영의 선두 기업은 Telesat Lightspeed 사업과 관련된 자본 배분의 완료를 발표했다. 회사는 지분의 62%를 Telesat Corporation의 간접 자회사에 배분했다. 이 자회사는 Telesat Canada의 모회사가 전액 소유하며, Telesat Canada의 채무 문서상 비보증인 지위를 가진다.
회사는 이 내부 구조조정이 현재의 운영에 영향을 미치지 않을 것이라고 강조했다.
Telesat (NASDAQ/TSX: TSAT), opérateur satellite de premier plan, a annoncé l’achèvement d’une distribution du capital liée à son activité Telesat Lightspeed. L’entreprise a distribué 62% du capital à une filiale indirecte de Telesat Corporation. Cette filiale est détenue en totalité par les sociétés mères de Telesat Canada et détient le statut de non-garantisseur selon les documents d’endettement de Telesat Canada.
L’entreprise a souligné que cette restructuration interne n’affectera pas ses opérations en cours.
Telesat (NASDAQ/TSX: TSAT), ein führender Satellitenbetreiber, hat den Abschluss einer Aktienverteilung im Zusammenhang mit dem Telesat Lightspeed-Geschäft bekannt gegeben. Das Unternehmen hat 62% des Eigenkapitals an eine indirekte Tochtergesellschaft von Telesat Corporation verteilt. Diese Tochtergesellschaft ist vollständig im Besitz der Muttergesellschaften von Telesat Canada und besitzt gemäß den Schulddokumenten von Telesat Canada den Status eines Nichtgaranten.
Das Unternehmen betonte, dass diese interne Umstrukturierung keinerlei Auswirkungen auf den laufenden Betrieb haben wird.
Telesat (NASDAQ/TSX: TSAT)، مشغل أقمار صناعية رائد، أعلن عن إكمال توزيع الأسهم المتعلق بنشاطه في Telesat Lightspeed. قامت الشركة بتوزيع 62% من الأسهم على شركة تابعة غير مباشرة لـ Telesat Corporation. هذه الشركة التابعة مملوكة بالكامل من قبل الكيانات الأم لـ Telesat Canada وتتمتع بوضع غير كفيل وفقاً لمستندات الدين الخاصة بـ Telesat Canada.
وأكدت الشركة أن هذا الهيكل التنظيمي الداخلي لن يؤثر على عملياتها الجارية.
Telesat (NASDAQ/TSX: TSAT)，一家领先的卫星运营商，宣布完成与其 Telesat Lightspeed 业务相关的股本分配。公司已将62%的股权分配给 Telesat Corporation 的一间间接子公司。该子公司由 Telesat Canada 的母公司全资拥有，且在 Telesat Canada 的债务文件中具备非担保人身份。
公司强调，这一内部重组不会影响其正在进行的运营。
- None.
- None.
OTTAWA, Ontario, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced that it has completed the distribution of
About Telesat
Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit www.telesat.com.
Media Contact:
Lynette Simmons
pr@telesat.com
Investor Relations Contact:
James Ratcliffe
+1 613 748 8424
ir@telesat.com
FAQ
What percentage of Telesat Lightspeed business was distributed by TSAT?
How does the Telesat Lightspeed equity distribution affect TSAT's operations?
Who received the distributed equity of Telesat Lightspeed?
What is the significance of TSAT's Lightspeed equity distribution?
