Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Loral and PSP Investments Agree to Acquire Telesat Canada

Date: 12/18/06

Loral Space & Communications Inc. today announced that it and its Canadian partner, the Public Sector Pension Investment Board (PSP Investments), have entered into a definitive agreement with BCE Inc. pursuant to which a joint venture company formed by PSP Investments and Loral will acquire 100 percent of the stock of Telesat Canada from BCE for approximately US $2.8 billion (CAD 3.25 billion), plus the assumption of US $148 million (CAD 172 million) of debt.

Cahill is representing Morgan Stanley and UBS in connection with the debt financing.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com