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Article content MONTREAL Quebec’s provincial government has signed a preliminary agreement to invest C$400 million ($315 million) in Telesat’s low earth orbit (LEO) telecommunications satellite network, the parties said on Thursday. Telesat is owned by Pension Investment Board and Loral Space & Communications Inc, but it plans to merge Telesat Canada with Loral to become a public entity on the Nasdaq this summer. We apologize, but this video has failed to load. Try refreshing your browser, or Quebec signs preliminary deal to invest $400 million in Telesat satellite network Back to video Under a memorandum of understanding, Quebec’s investment “will consist of C$200 million in preferred equity as well as a C$200 million loan,” the parties said in a statement.

Steve schererJacques boissinotRichard changDan goldbergAllison lampertFrancois legaultLoral space communications incPostmedia network incNational assemblyTelesat canadaQuestion periodPension investment boardLoral spaceCommunications incPremier francois legaultThales alenia space