<SEC-DOCUMENT>0001104659-21-081695.txt : 20210824
<SEC-HEADER>0001104659-21-081695.hdr.sgml : 20210824
<ACCEPTANCE-DATETIME>20210616060051
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ACCESSION NUMBER:		0001104659-21-081695
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210616

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Telesat Corp
		CENTRAL INDEX KEY:			0001845840
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATION SERVICES, NEC [4899]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		160 ELGIN ST
		STREET 2:		SUITE 2100
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2P7
		BUSINESS PHONE:		(613) 748-8700 X2268

	MAIL ADDRESS:	
		STREET 1:		160 ELGIN ST
		STREET 2:		SUITE 2100
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2P7
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">June 16, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>VIA EDGAR</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United States Securities and Exchange Commission<BR>
Division of Corporate Finance<BR>
100 F Street<BR>
Washington, D.C. 20549-7010</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in">Attn:</TD><TD>Joseph Kempf, Staff Accountant<BR>
Robert Littlepage, Accounting Branch Chief<BR>
Edwin Kim, Staff Attorney<BR>
Jan Woo, Legal Branch Chief</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Re:</B></FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Telesat Corporation and Telesat Partnership LP<BR>
</B></FONT><B>Amendment No.&nbsp;1 to  Registration Statement on Form&nbsp;F-4<BR>
Filed May 28, 2021<BR>
File No. 333-255518</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of Telesat Corporation
(the &ldquo;<B><I>Company</I></B>&rdquo;) and Telesat Partnership LP (&ldquo;<B><I>Telesat Partnership</I></B>&rdquo;) we are submitting this letter
and the following information in response to the letter, dated June 10, 2021, from the staff (the &ldquo;<B><I>Staff</I></B>&rdquo;)
of the Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) with respect to the Company&rsquo;s and Telesat
Partnership's Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;F-4 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;)
filed on May 28, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">References to
page&nbsp;numbers below pertain to the page&nbsp;numbers in the Registration Statement. Capitalized terms used herein without definition have
the meanings ascribed to them in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Amendment No.&nbsp;1 to Registration Statement on
Form&nbsp;F-4 filed May 28, 2021</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Telesat Corporation Unaudited Pro Forma Condensed Consolidated Financial
Information, page&nbsp;268</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P><B>Comment:</B> <I>Please update your pro forma presentation pursuant to Item 5 of Form F-4.</I></P>

<P STYLE="text-align: justify"><B>Response:</B> The Company respectfully submits to the Staff that the Registration Statement
satisfies the requirements regarding the presentation of pro forma financial information in a foreign private issuer's registration
statement on Form F-4 for the reasons set forth below.</P>

<P STYLE="text-align: justify">I.</P>

<P STYLE="text-align: justify">As the Staff is aware, each of the Company and Telesat Partnership will be foreign private issuers.</P>

<P STYLE="text-align: justify">Pursuant to Reg. S-X 3-01(h), &ldquo;[a]ny foreign private issuer &hellip; may file the financial statements required by Item 8.A of
Form 20-F in lieu of the financial statements specified in Reg. S-X 3-01.&rdquo;</P>

<P STYLE="text-align: justify">Item 8.A.5 of Form 20&dash;F states that &ldquo;if the document is dated more than nine months after the
end of the last audited financial year, [a foreign private issuer] must include interim financial statements &hellip; covering at least
the first six months of the financial year.&rdquo;</P>

<P STYLE="text-align: justify">The Registration Statement will not be dated more than nine months after the end of the last audited financial year; accordingly, under Item 8.A.5 of Form 20-F, no interim financials of either the Company or Telesat Partnership are required
to be included in the Registration Statement at this time.</P>

<P STYLE="text-align: justify">II.</P>

<P STYLE="text-align: justify">The Company included the interim financial statements of Telesat Canada
in the Registration Statement because Telesat Canada voluntarily makes such financial information public to satisfy its reporting obligations
under its credit facilities. Such interim financials were not required to be disclosed for purposes of Item 8.A.5 of Form 20-F.</P>

<P STYLE="text-align: justify">Item 8.A.5 of Form 20&dash;F also states that a registrant  &ldquo;<I>&hellip;include in the
document interim financial information that has been published by the company if that information covers a more current period than
the statements otherwise required by Item 8.</I>&rdquo; The Company therefore determined that the March 31, 2021 financial
statements should be included in the Registration Statement as more current financial information.</P>

<P STYLE="text-align: justify">The Company also considered the minutes from the meeting of
the International Practices Task Force (&ldquo;<U>IPTF</U>&rdquo;) in November 2015 which states, in relevant part&hellip;&ldquo;<I>[a]ccordingly,
the SEC staff indicated an FPI that provides `more current interim financial information' that constitutes a full set of interim financial
statements under either U.S. GAAP or IFRS-IASB would not need to consider such information `interim financial statements provided to
meet timeliness requirements' for purposes of updating the MD&amp;A (OFR) and any pro forma information in a registration statement.</I>&rdquo;</P>

<P STYLE="text-align: justify">In consideration of the foregoing, the Company respectfully submits to the Staff that the Registration
Statement meets the requirements regarding the presentation of pro forma financial information in a foreign private issuer's
registration statement on Form F-4 and need not be updated at this time.</P>

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<P STYLE="text-indent: 0.5in">Please do not hesitate to contact me at (212) 403-1000 with any further questions or comments.</P>

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    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Christopher S. DiFrancesco</FONT></TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Christopher S. DiFrancesco</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Vice President, General Counsel and
    Secretary</FONT></TD></TR>
  </TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc:<BR>
John L. Robinson,&nbsp;Esq.<BR>
Maurice M. Lefkort,&nbsp;Esq.<BR>
Douglas P. Warner,&nbsp;Esq.</P>

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