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Enlarged Telesat to become premier satellite services provider with 11 satellites and global footprint; ...Telesat to provide Nimiq 5 satellite to Bell ExpressVu
OTTAWA, Dec. 18 /CNW/ - Telesat Canada, Canada's leading satellite
operator, announced today that its parent company, BCE Inc., has agreed to
sell the company for $3.42 billion to a new acquisition company formed by
Canada's Public Sector Pension Investment Board (PSP Investments) and Loral
Space & Communications Inc. (Loral). The new company will be known as Telesat
and headquartered in Ottawa.
As part of the transaction, Loral will contribute to the new company the
fixed satellite services and network services assets of its Loral Skynet
subsidiary. This gives the enlarged Telesat a global footprint and will make
it the fourth-largest satellite operator in the world based on the number of
satellites in orbit....
... etc ....
...In conjunction with the change of ownership, Telesat received approval
from its board of directors to order a Nimiq 5 satellite and to provide Bell
ExpressVu with access to expanded satellite capacity in the future. Telesat
anticipates that construction of the Nimiq 5 satellite will commence early
next year. Nimiq 5 will be a high-power, thirty-two transponder, direct
broadcast satellite located at Telesat's 72.5 degree West Longitude orbital
location. It will be used by Bell ExpressVu to expand its direct-to-home
satellite service offerings....
---
( The entire article is at the following source: http://www.newswire.ca/en/releases/archive/December2006/18/c8244.html )
OTTAWA, Dec. 18 /CNW/ - Telesat Canada, Canada's leading satellite
operator, announced today that its parent company, BCE Inc., has agreed to
sell the company for $3.42 billion to a new acquisition company formed by
Canada's Public Sector Pension Investment Board (PSP Investments) and Loral
Space & Communications Inc. (Loral). The new company will be known as Telesat
and headquartered in Ottawa.
As part of the transaction, Loral will contribute to the new company the
fixed satellite services and network services assets of its Loral Skynet
subsidiary. This gives the enlarged Telesat a global footprint and will make
it the fourth-largest satellite operator in the world based on the number of
satellites in orbit....
... etc ....
...In conjunction with the change of ownership, Telesat received approval
from its board of directors to order a Nimiq 5 satellite and to provide Bell
ExpressVu with access to expanded satellite capacity in the future. Telesat
anticipates that construction of the Nimiq 5 satellite will commence early
next year. Nimiq 5 will be a high-power, thirty-two transponder, direct
broadcast satellite located at Telesat's 72.5 degree West Longitude orbital
location. It will be used by Bell ExpressVu to expand its direct-to-home
satellite service offerings....
---
( The entire article is at the following source: http://www.newswire.ca/en/releases/archive/December2006/18/c8244.html )
