Telesat owners Loral, PSP explore sale - Reuters
Loral Space & Communications Inc, which holds a majority stake in Canadian satellite communication services company Telesat Holdings Inc, is exploring a sale, people familiar with the matter told Reuters. Loral, whose biggest shareholder is hedge fund veteran Mark Rachesky's MHR Fund Management LLC, is working with Credit Suisse Group AG as it prepares to market itself to potential buyers. At the same time, Loral is talking to another Telesat shareholder, Canada's Public Sector Pension Investment Board (PSP), about the possibility of jointly selling Telesat, one of the people said. There is no agreement currently between Loral and PSP about a joint sale of Telesat, the people said. Headquartered in Ottawa, Ontario, Telesat is the world's fourth largest provider of fixed satellite services.
