Sunday, 17 October 2021

Canadian govt invests C$1.44bn in Telesat constellation

by Harry Baldock, Total Telecom
Friday 13 August 21

Telesat plans to launch 298 low Earth orbit (LEO) satellites to create its Lightspeed constellation, aiming to provide affordable broadband in remote parts of Canada

In the past, Telesat has said it needed around $5 billion to build its ambitious Lightspeed LEO satellite broadband constellation, $1.4 billion of which would come from its own coffers.  Yesterday, the Canadian company reached a major milestone in sourcing the additional funding required, with the Canadian government agreeing to invest C$1.44 billion (around $1.15 billion) into the project…

In the past, Telesat has said it needed around $5 billion to build its ambitious Lightspeed LEO satellite broadband constellation, $1.4 billion of which would come from its own coffers.  Yesterday, the Canadian company reached a major milestone in sourcing the additional funding required, with the Canadian government agreeing to invest C$1.44 billion (around $1.15 billion) into the project…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry