Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Telesat Welcomes Today's Decisions by Industry Canada that Will Streamline Regulatory Burdens Faced by Canadian Satellite


Telesat Welcomes Today's Decisions by Industry Canada that Will Streamline Regulatory Burdens Faced by Canadian Satellite Operators and Speed Delivery of State-of-the-Art Satellite Services to All Canadians

OTTAWA, Nov. 5, 2013 /CNW/ - Telesat, Canada's premiere satellite operator, welcomes Industry Canada's decisions on the licensing framework released earlier today for fixed-satellite service and broadcasting-satellite service as well as revised fee proposals. These decisions represent a major overhaul of the existing framework and will enhance the international competitiveness of Canadian commercial satellite operators.

Telesat congratulates the Government of Canada and Minister Moore for moving forward with a much needed modernization and streamlining of an outdated licensing system and placing the Canadian industry on more equal footing with its international competitors.

Among the key aspects of the decisions released today include the use of a first-come, first-served process by Industry Canada to license satellite spectrum to competing Canadian satellite operators. Today's announcement also includes a proposal to amend the fee regime that applies to satellite operators using Canadian satellite spectrum, bringing the fees more in line with those in place in foreign jurisdictions. Finally, today's decisions also address some of the other obligations associated with holding Canadian satellite licences.

"The decisions represent a clear statement that the Government of Canada wants to ensure that Canadian satellite operators are not placed at a competitive disadvantage in relation to operators licensed in other jurisdictions," stated Dan Goldberg, Telesat's President and CEO. "Today's decisions, in the aggregate, reduce and streamline the regulatory burden faced by Canadian satellite operators and, in doing so, will speed the delivery to all Canadians of state-of-the-art satellite services." 

The decisions released today also address one of the recommendations contained in the Aerospace Review Report, chaired by David Emerson. In that report, the Panel recommended that "...the Government create conditions conducive to the expansion of space-related commercial activity" and specifically encouraged Government to intensify its efforts to secure geostationary orbital slots for Canadian-owned satellites. As a result of today's decisions, Industry Canada will now also submit applications for satellite spectrum in other areas of the world on behalf of Canadian operators, allowing Canadian companies to be more competitive around the globe.

Telesat looks forward to the full implementation of the decisions and proposals announced today.

About Telesat (www.telesat.com) Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company's state-of-the-art fleet consists of 14 satellites and the Canadian payload on ViaSat-1 with another satellite under construction. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

SOURCE Telesat Canada

Gerry Nagler, Telesat +1 908 470-4907 (gnagler@telesat.com)

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/05/c4500.html

CO: Telesat Canada ST: Ontario NI: TLS

-0- Nov/05/2013 22:31 GMT

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement