06:06 AM EDT, 09/15/2025 (MT Newswires) -- Global satellite operator Telesat ( TSAT ) late Friday said it has completed the distribution of 62% of the equity of its Telesat Lightspeed business to its indirect subsidiary.

The indirect subsidiary is owned by Telesat Canada's parent entities and is a non-guarantor under Telesat Canada's debt documents.

The company said there are no changes to its operations as a result of the transaction.