Sees Adjusted EBITDA to be between C$170 million and C$190 million on a consolidated basis. This reflects LEO operating expenses of between C$110 million and C$120 million, an increase from 2024 of between C$36 million and C$46 million; and Capital expenditures to be in the range of C$900 million to C$1,100 million, virtually all of which is related to Telesat (TSAT) Lightspeed.
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