The new moniker was unveiled in early December with Telesat CEO Dan Goldberg and Steve MacLean, the president of the Canadian Space Agency, on hand.
Nimiq Park, at 5058 North Bluff St., is meant to represent Ottawa's ties to the technology sector during the past few decades.
The satellites are used by Bell TV and DISH for North American direct-to-home broadcast services.
There are currently five Nimiqs in orbit with a sixth scheduled to launch in the first half of 2012.
This is the second space-themed park name in Ottawa. The other one, named after former astronaut Mr. MacLean, is located in Fisher Heights.