Tag Archives: Telesat

Top Stories Tamfitronics Inside Network Innovations’ main corporate office in Calgary, Canada. Credit: Network InnovationsTAMPA, Fla. — Canadian geostationary operator Telesat has sold off Infosat Communications, a remote satellite services specialist, to bolster finances as investments in its low Earth orbit (LEO) Lightspeed constellation ramp up.Calgary, Canada-based connectivity integrator Network Innovations said Sept. 3 it acquired the company from Telesat for an undisclosed sum, expanding its team by about 20 people to more than 300 employees.The announcement came weeks after Telesat CEO Dan Goldberg said the operator was considering raising proceeds in the region of 10 million Canadian dollars ($7.4 million) by selling a non-core business.Goldberg also said Aug. 14 the operator expects to invest up to 1.4 billion Canadian dollars in Lightspeed this year, after investing nearly a quarter of that in the first half...