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Telesat’s corporate headquarters Ottawa.
Telesat’s corporate headquarters Ottawa.
(FRED CHARTRAND/CP)

How Telesat doubled in value in 5 years

The partners who bought satellite communications provider Telesat five years ago have a problem – they have made so much money they can’t agree what to do next.

But how did they do it?

Telesat has doubled in value, by some estimates, in the five years since it was sold by BCE Inc. for $3.25-billion to a pair of investors, Canada’s Public Sector Pension Investment Board and U.S.-based Loral Space & Communications. The gain is all about margins, which have risen impressively.