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Other Operating Gains (Losses), Net
9 Months Ended
Sep. 30, 2025
Other Operating Gains (Losses), Net [Abstract]  
OTHER OPERATING GAINS (LOSSES), NET

6. OTHER OPERATING GAINS (LOSSES), NET

 

Three months ended
September 30,

 

Nine months ended
September 30,

   

2025

 

2024

 

2025

 

2024

Gain (loss) on disposal of assets

 

$

21

 

$

(348

)

 

$

3,840

 

$

(366

)

Gain on disposal of subsidiaries

 

 

230

 

 

2,620

 

 

 

230

 

 

2,620

 

Other operating gains (losses), net

 

$

251

 

$

2,272

 

 

$

4,070

 

$

2,254

 

Gain on disposal of a subsidiary

In July 2025, Telesat completed the final tranche of the sale of Infosat to a third party. Proceeds of $1.3 million included the final instalment of the purchase price of $0.3 million, and a working capital adjustment of $1.0 million.

Cash flows associated with the disposal in the three and nine months ended September 30, 2025 was $0.2 million.