PARIS — Satellite fleet operator Telesat Corp. once again assured investors that negotiations with prospective lenders for its $5 billion Lightspeed constellation of broadband satellites are continuing, just as they have been more than two years.
The company continues to spend cash on Lightspeed, and even to generate a small amount of revenue coming from U.S. military demonstration projects using Telesat Lightspeed technology.
Despite industry skepticism that Lightspeed will ever be built, Telesat Chief Executive Daniel S. Goldberg insisted that there was “great enthusiasm in . . .
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