Telesat of Canada, Hispasat of Spain and YahSat of the United Arab Emirates on May 26 were the high bidders at a Brazil auction of satellite orbital slots and associated frequencies, winning four licenses at three orbital slots, according to Brazil’s telecommunications regulator, Anatel.
The chief executives of SES, Intelsat and Eutelsat each gave a flat “No” when asked whether spectrum now reserved for satellites in most places in the world would be subject to sharing under pressure from mobile broadband networks.
Loral said it is continuing to explore a transaction with an unnamed high bidder.
With its debt coming down and its revenue going up, Telesat is doing what it takes to pretty itself up for a buyer.
While it waits to learn who its new owner will be, Telesat continues to reduce its debt and manage its business.
Telesat reported a 6 percent increase in revenue and a 9 percent increase in gross profit in 2013 despite a slow end-year performance.
In addition to the success of Anik G1, which is entering the Latin American market at a time of high demand and in advance of multiple other satellites planned over the region, Telesat benefited from the lease of an older Nimiq satellite in the three months ending Sept. 30.
Telesat's Telstar 12 replacement satellite will be built not by SSL, but by Astrium Satellites.
Its Nimiq 6 and Anik G1 satellites now operational in orbit and generating revenue, and Anik G1 providing growth potential in Latin America — and no big capex commitments for now — Telesat is all dressed up and ready for a stock-market introduction or a sale.
A Proton placed the Telesat Anik G1 commercial telecommunications satellite into geostationary transfer orbit.
Telesat's near-term appear tied to events in Russia.
Loral Space and Communications will not participate in an initial public offering (IPO) of stock in satellite fleet operator Telesat of Canada as proposed by Telesat co-owner PSP but is willing to explore ways to make an IPO less unattractive from a tax standpoint, Loral Chief Executive Michael B. Targoff said Nov. 9.
Telesat and Boeing have reached a settlement in their dispute over Telesat’s Anik F1 satellite’s defective solar arrays.