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High Quality Content by WIKIPEDIA articles! Telesat Canada is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa, Ontario as well as having offices in the United States and Brazil. On October 5, 2007 Loral Space & Communications Inc. and the Public Pension Investment Board of Canada received the final regulatory approval necessary to complete the acquisition of Telesat from BCE Inc. for CAD $3.25 billion. The acquisition closed on October 31, 2007, with Loral owning 64 percent of Telesat.