Telesat, a prominent satellite operator, disclosed today the finalization of a substantial equity transfer within its Telesat Lightspeed division. Specifically, 62% of the equity has been successfully distributed to an indirect subsidiary of Telesat Corporation. This subsidiary, entirely owned by the parent companies of Telesat Canada, operates as a non-guarantor within Telesat Canada’s debt agreements. Notably, this transaction does not introduce any operational alterations to the Company.