[citation needed] Until February 1979, Telesat had a legal monopoly on Earth stations in Canada: any entity wishing to send or receive satellite signals had to sign a long-term lease with Telesat Canada for an Earth station.
[4] On October 5, 2007, they received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. (the new holding company for Bell) for CAD$3.25 billion.
Loral Skynet was a full-service global satellite operator headquartered in Bedminster, New Jersey.
[6] On November 17, 2010: Telesat Holdings Inc. hired JPMorgan Chase & Co., Morgan Stanley and Credit Suisse Group AG to start a formal sales process and offer so-called staple financing to interest buyers for $6 billion to $7 billion.
The siting of the orbital planes is to comply with the Canadian government's Enhanced Satellite Constellation Project, as well as providing global coverage.
[13] In 2017, Telesat expanded the LEO constellation plan to about 300 satellites, coupled with 50 ground stations across the globe.
[12][18] In November 2020, Telesat announced that it will become publicly traded on the American stock index NASDAQ in mid-2021.
[24][25] The KA band system uses spot beams to manage bandwidth concerns, linking to multiple satellite ground stations connected to the Internet.