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Concept
Telesat
Summary
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
Telesat began as Telesat Canada, a Canadian Crown corporation created by an Act of Parliament, in 1969. Telesat Canada launched Anik A1 in 1972 as the world's first domestic communications satellite in geostationary orbit operated by a commercial company; this satellite was retired from use in 1981. Until February 1979, Telesat had a legal monopoly on Earth stations in Canada: any entity wishing to send or receive satellite signals had to sign a long-term lease with Telesat Canada for an Earth station. Contracts for such leases were still enforced after the monopoly was ended.
Telesat Canada was privatized and sold by the federal government to Bell Canada in 1998.
On December 18, 2006, Loral Space & Communications announced that it, along with Canada's Public Sector Pension Investment Board (PSP Investments), would acquire Telesat for US3.25 billion. The acquisition closed on October 31, 2007, with Loral owning 63% of Telesat.
At the same time, Telesat merged with Loral Skynet (formerly AT&T Skynet), a subsidiary of Loral Space & Communications. Loral Skynet was a full-service global satellite operator headquartered in Bedminster, New Jersey. This resulted in the transfer of all of the assets of Loral Skynet to Telesat.
Telesat announced on December 30, 2009, that Nimiq 6 was built by Space Systems/Loral (SS/L). Bell Satellite TV, a Canadian satellite TV provider agreed to fully lease the satellite for its lifetime to serve their subscribers across Canada. Nimiq 6 has a payload of 32 high-powered Ku-band transponders. It uses the SS/L1300 platform and has a 15-year mission life. It was launched in 2012 by International Launch Services (ILS).
On November 17, 2010: Telesat Holdings Inc.
Official source
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