Loral Space and Communications wants to move ahead with a “strategic transaction” involving fleet operator Telesat that may spark a legal fight with Telesat’s other major shareholder, a Canadian pension fund.
In a surprise shift, Eutelsat Communications, a staunch defender of geostationary satellites as the way forward, on March 8 said it is buying a low Earth orbit (LEO) demonstration nanosatellite.
Telesat CEO Dan Goldberg said his company has refrained from running headlong with other fleet operators in adding new telecom satellites over areas now burdened by an oversupply of capacity.
The successful launch of an Indian Polar Satellite Launch Vehicle (PSLV) Jan. 11 marked not just the return to flight of the rocket but also major achievements for several of the companies with payloads on board the vehicle.
Satellite fleet operator SES, the industry partner whose support Intelsat and Intel need the most for their proposal to open C-band the U.S. has designated for satellites to 5G wireless networks hungry for more spectrum, is willing to go along with the plan, but with one major caveat: not the whole band.
Following market approval given to OneWeb in June, the U.S. Federal Communications Commission on Nov. 3 granted global fleet operator Telesat permission to reach the U.S. with a constellation of 117 low-Earth orbit satellites.
Canadian satellite operator Telesat says it is still reviewing Intelsat and Intel’s controversial proposal for letting terrestrial 5G networks use C-band satellite spectrum in the United States, and has yet to make a decision for or against.
Telesat is some three to five months ahead of OneWeb in launching low-Earth orbit telecommunications satellites, and barring a surprise launch from SpaceX, will likely be the first new mega-constellation to put hardware into operation.
Boeing’s plan to deploy a constellation of V-band satellites in non-geostationary orbit has prompted at least five companies, including SpaceX and OneWeb, to file me-too proposals with the U.S. Federal Communications Commission.
Canadian satellite fleet operator Telesat expects to raise more than $3 billion in several transactions in the coming weeks to payoff existing debt and to make a $400 million cash distribution to shareholders still at loggerheads over a Telesat IPO.
Satellite fleet operator Telesat of Canada on Feb. 25 said it was about to order two small Ka-band telecommunications satellite to be launched into low Earth orbit in 2017 to validate technologies the company would apply to a global constellation of broadband spacecraft.
Telesat and APT Satellite Co. have agreed to divide the cost of a new satellite to replace their jointly owned Telstar 18/Apstar-5 a successor to built by Space Systems Loral and launched in early 2018.
The new-version H-2A is designed to offer up to three commercial flights per year with improved orbital-injection features.
The announcement comes as Telesat’s shareholders continue to debate the company’s future ownership structure and an initial public offer of stock.
Loral Space and Communications, in the latest attempt to monetize its majority-stake investment in Canadian satellite fleet operator Telesat, is pressuring co-investor PSP Investments to allow Telesat to perform an initial public offering (IPO) of stock, Loral said.