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The moon looms over the Telesat Canada logo outside its control centre facility in Ottawa.
The moon looms over the Telesat Canada logo outside its control centre facility in Ottawa.
(Tom Hanson/CP)

Teachers said to be close to solving Telesat takeover conundrum

The difficult relationship between the owners of Telesat Holdings Inc. may finally be resolved by a huge takeover bid from one of Canada’s biggest pension funds.

The satellite operator drew interest from two of Canada’s largest pension funds, Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board (CPPIB), said a person familiar with the situation.