Telesat Canada completed the acquisition of Loral Space & Communications from PSP Investments.

Telesat Canada, a provider of satellite-delivered communications solutions to broadcast, telecom, corporate, and government customers, completed the acquisition of Loral Space & Communications, a satellite communications company, from PSP Investments, one of Canada's largest pension investment managers. Financial terms were not disclosed. “Following the closing of the transaction, Telesat will have access to the public equity markets, providing increased flexibility and optionality to support our promising investment opportunities, including Telesat LEO, which will bridge the digital divide both at home in Canada and around the world, and give our customers the competitive advantage they need to be successful,” Dan Goldberg, Telesat President and CEO.