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Telesat Applauds Canadian Government Commitment to New Funding for High-Speed Broadband in Rural Communities and the North

OTTAWA, CANADA, February 11, 2014 – Telesat, Canada’s premier satellite operator, strongly supports the Government of Canada’s announcement today of $305 million in new funding to extend and enhance broadband access for Canadians living in rural and remote communities, including in the North. The Government’s action will create economic opportunities for rural and Northern Canadians by stimulating innovation, improving productivity and enhancing access to information and markets.

“Telesat applauds the Government of Canada’s decisive action today to achieve near universal access to high-speed broadband networks,” said Dan Goldberg, Telesat’s President and CEO. “Telesat has state-of-the-art satellite infrastructure that is available today to help the Government quickly reach its objective of providing an additional 280,000 Canadian households with at least 5 megabits per second of broadband connectivity to the internet. We look forward to working with the Government and other key stakeholders to put this advanced satellite infrastructure immediately to work so that Canadians living in rural and Northern communities can be active participants in the digital economy and expand their access to markets at home and abroad.” 

About Telesat (www.telesat.com)

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 14 satellites and the Canadian payload on ViaSat-1 with another satellite under construction. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

For further information:                                                                  

Gerry Nagler, Telesat +1 908 470-4907 (gnagler@telesat.com)   

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