This evening at approximately 17:00 EDT Telesat’s Anik F2 satellite experienced a technical anomaly that resulted in loss of satellite services to its customers.  Telesat is now undertaking to return the satellite to normal operations and will work to restore traffic in an orderly manner to minimize the impact to our customer networks.  Telesat is in control of the satellite and all indications are that it is healthy. Although there can be no assurance, we expect it will be returned to service by noon EDT tomorrow (i.e., Monday, October 3, 2016).

Further updates will be provided once additional information is available.

About Telesat (www.telesat.com)

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 15 satellites plus the Canadian payload on ViaSat-1 with two new satellites under construction. An additional two prototype satellites are under construction and will be deployed in low earth orbit. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).