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Telesat Corporation (NASDAQ:TSAT) shares are trading higher after the company reported second-quarter results and tapped MDA Ltd (OTC:MDALF) as the prime satellite manufacturer of the advanced Lightspeed Low Earth Orbit constellation.
Telesat Lightspeed is now fully funded through global service delivery, considering the company’s equity contribution, certain vendor financing, and aggregate funding commitments from its Canadian federal and provincial government partners.
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