PARIS — Satellite fleet operator Telesat has begun to move its cash resources into a subsidiary where use is not restricted by loan covenants as part of a broader preparation for its multibillion-dollar global broadband satellite constellation.
Telesat said it would not venture a guess as to how much the Telesat LEO project will cost until it has completed negotiations with two competing contracting teams now designing the network.
The two teams — Airbus Defence and Space and a teaming of Thales Alenia Space and Maxar Technologies — are expected to . . .
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