Telesat Takes Bold Steps to Refinance Debt as It Competes with SpaceX’s Starlink in the Expanding Satellite Industry

In a rapidly evolving space race characterized by technological advancements and fierce competition, Canadian satellite communications provider Telesat has announced its plans to refinance a significant portion of its distressed debt. This move comes as the company seeks to position itself more favorably against industry giants such as SpaceX and its Starlink satellite constellation, which has been making substantial inroads in the global market.

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