
Loral Brings Telesat Canada Into The Fold… Officially!
We all knew it was going to occur, but now all is official! Industry Canada has approved the acquisition of Telesat Canada by Loral [NASDAQ:LORL] and their Canadian partner, the Public Sector Pension Investment Board (PSP Investments. On December 16th, 2006, the joint venture company formed by Loral and PSP Investments entered into a definitive agreement with BCE Inc. [TSX/NYSE:BCE] to acquire 100 percent of Telesat Canada’s stock from BCE for CAD 3.25 billion.
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