Telesat — Good News For Canadian SatOps

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Telesat expresses support for the Canadian government’s Throne Speech and Budget commitment to remove foreign ownership restrictions on Canadian satellite operators. By providing Canadian operators with access to new sources of capital as well as the ability to diversify their shareholder base, the policy will foster investment and innovation in this important industry. While Canada’s satellite communications market has been fully open to foreign operators for more than ten years, Canadian satellite companies remain subject to ownership restrictions. This places them at a substantial disadvantage to larger foreign competitors in today’s highly competitive global market.