M&A Deal Summary

Telesat Acquires Loral Space & Communications

On November 24, 2020, Telesat acquired communications company Loral Space & Communications

Acquisition Highlights
  • This is Telesat’s 1st transaction in the Communications sector.
  • This is Telesat’s 1st transaction in the United States.
  • This is Telesat’s 1st transaction in New York.

M&A Deal Summary
Date 2020-11-24
Target Loral Space & Communications
Sector Communications
Buyer(s) Telesat
Deal Type Add-on Acquisition

Target

Loral Space & Communications

New York, New York, United States
Loral Space & Communications is a satellite communications company engaged, through ownership interests in affiliates, in satellite-based communications services. Loral Space & Communications was founded in 1996 and is based in New York City.

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Buyer(S) 1

Buyer

Telesat

Ottawa, Ontario, Canada
Category Company
Sector Communications
Employees490
Revenue 704M USD (2023)
DESCRIPTION

Telesat is a global satellite operator that provides technical consultation and support services to satellite operators, insurers, and other industry stakeholders around the globe. Telesat is based in Ottawa, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

Legal