Canada-based satellite operator Telesat will raise some C$500 million (€333.5m) in fresh borrowings in order to fund its new fleet of Lightspeed low Earth orbiting satellites. The cash-raising exercise will happen before the end of April, according to CEO Dan Goldberg. The total cost of the Lightspeed 298 satellite project are reportedly about $5 billion. […]
Space and satellite specialist MDA has announced its share price offer for the upcoming IPO. It will offer shares at C$14 per common share, with the target to raise approximately C$400 million. The offer will close on April 7th. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares, subject to the […]
Canada’s MDA, the satellite builder formerly known as MacDonald, Dettwiler & Assoc – but perhaps better known as the builders of the Space Shuttle’s sophisticated ‘Canadarm’ robotic crane and still used on the International Space Station – is mounting an IPO. MDA, founded in 1969 (by Dr John MacDonald and Vern Dettwiler) also helped build […]
The world’s three-largest satellite operators are complaining to Canada’s government regarding its proposed restructuring of C-band spectrum for 5G adoption. In essence they are saying that they must be compensated for giving up their frequencies over Canada, and any Canadian scheme which only compensates Telesat would be a violation of trade agreements. The comments come […]
Canadian multiplay telcos Rogers Communications and Shaw Communications have reached an agreement for Rogers to acquire all of Shaw’s issued and outstanding Class A Shares and Class B Shares in a transaction valued at approximately $26 billion (€21.8bn) inclusive of approximately $6 billion of Shaw debt. The offer price of $40.50 per share represents a […]
Canadian satellite operator Telesat has announced its financial results for the three-month and one-year periods ended December 31st 2020 For the year, Telesat reported consolidated revenue of C$820million (€541m), a decrease of 10 per cent (C$90million) compared to the same period in 2019. When adjusted for changes in foreign exchange rates, revenue decreased 10 per […]
Privacy protection company Surfshark has released an in-depth analysis on Internet affordability in 85 countries (81 per cent of the global population). According to the study, Africa has the least affordable and the worst quality internet in terms of speed & stability. Key findings of the study: 75 per cent of the researched countries have […]
Sportsnet and WWE have announced an expanded agreement to air live broadcasts of NXT on Sportsnet 360 and SN NOW beginning on February 24th. Now airing live every Wednesday night on Sportsnet 360 and SN NOW, 52 weeks a year, NXT is revolutionizing the world of sports entertainment with innovative styles from trend-setting and unapologetic Superstars […]
Ottawa-based satellite operator Telesat, which last week announced plans to build 300 Low Earth orbiting (LEO) satellites for its Lighspeed project, is to receive a C$400 million (€260m) investment from the government of Quebec. A Memorandum of Understanding has been signed by Telesat and the Quebec government. There is a catch. The cash comes in […]
The Canadian Hockey League (CHL) has selected the Verizon Media Platform to deliver a its streaming experience across an expanded range of devices. Verizon Media says its streaming service offers increased audience engagement through expanded distribution in addition to a best-in-class user experience that allows CHL fans to stay better connected during unprecedented times. The […]