Telesat Faces Lawsuits Over Equity Distribution of Lightspeed Business

Reuters01-22

Telesat Faces Lawsuits Over <a href="https://laohu8.com/S/EQD">Equity Distribution</a> of Lightspeed Business

Telesat Corporation is facing lawsuits from certain creditors in both New York and Ontario over the equity distribution of its Lightspeed business in September 2025. The legal actions, initiated by a group of distressed debt hedge funds, challenge the handling of the equity distribution related to Telesat’s legacy GEO debt. Telesat maintains that the distribution was conducted in strict compliance with all relevant agreements and laws and has stated its intention to defend against the claims vigorously. The company remains focused on supporting its customers and advancing the Telesat Lightspeed satellite program.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9630241-en) on January 22, 2026, and is solely responsible for the information contained therein.

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