December 18, 2006: Loral Space and Communications announced an agreement with a Canadian partner, the Public Sector Pension Investment Board (PSP Investments) to acquire 100% of Telesat Canada from Bell Canada Enterprises for US$2.8 billion plus the assumption of US$148 million in debt. As part of the transaction, Loral agreed to transfer the fixed satellite services and network services of Loral Skynet to the new Canadian company, to be known as Telesat, based in Ottawa. The new company would have a fleet of 11 satellites in orbit and 4 on order, and revenues of about US$568 million

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The SSPI Satellite Timeline is the first interactive site on the Web to chronicle the rich and diverse history of the commercial satellite industry. Launched in October 2007 – the 50th anniversary of Sputnik – the Timeline is a learning tool for satellite professionals, students, the news media and the innovative companies that make up the industry