PARIS — It has been one of the great mysteries in the satellite broadband business for more than a year: Why is it that Telesat cannot close the debt financing on its $5-billion Lightspeed broadband constellation?
Telesat is a well-established, profitable operator of geostationary-orbit satellites and has been storing cash in an unrestricted account for Lightspeed. It has secured an advance order from the federal government of Canada and from Quebec.
Missing is the debt financing piece from Export Development Canada and
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