Telesat Canada announces the redemption price on its 8.20% Series 2001 Notes due November 8, 2008



    OTTAWA, Nov. 28 /CNW/ - Telesat Canada announced today that the
redemption price payable upon tender of its 8.20% 2001 Series Notes, called
for redemption on November 30, 2007 is $103.467 per $100.00 of principal value
plus interest accrued from November 8, 2007 to the redemption date.

    About Telesat (www.telesat.com)

    Headquartered in Ottawa, Canada, with offices and facilities around the
world, Telesat is the fourth largest fixed satellite services operator. The
company provides reliable and secure satellite-delivered communications
solutions to broadcast, telecom, corporate and government customers. Telesat
has a global state-of-the-art fleet of 12 satellites and three additional
satellites under construction, and manages the operations of 13 additional
satellites for third parties. Telesat is privately held. Its principal
shareholders are Canada's Public Sector Pension Investment Board and Loral
Space & Communications Inc. (NASDAQ:   LORL).





For further information:

For further information: Ted Ignacy, Telesat Canada, (613) 748-0123; Dan
Tisch or Kyla Thoms (media only), Argyle Communications, (416) 968-7311, ext
223 or 237, dtisch@argylecommunications.com, kthoms@argylecommunications.com

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TELESAT CANADA

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