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Telesat intends to begin launching Telesat Lightspeed production satellites in approximately two years, and the Phase 1 LEO satellite is being used to demonstrate application performance ahead of the full Telesat Lightspeed network.
Telesat could start a spectrum auction to help fund its $5,000,000,000 Lightspeed low Earth orbit constellation in a couple of months if the Government of Canada approves its proposal.
Telesat has early arrangements to start launching nearly 300 Lightspeed satellites next year for services planned to begin in 2023.
Telesat secured a $500,000,000 bond in April as part of a debt package that will fund 60% of Lightspeed’s cost.
Telesat is on course to hit its U.S. C-band clearing targets, generating around $300,000,000 in total to partly fund the Lightspeed constellation.
Lightspeed has received about 1 billion Canadian dollars in combined funding from Canada’s federal government and Quebec’s provincial government to date.
Blue Origin’s New Glenn rocket could launch around 30 Lightspeed satellites at a time depending on orbit.
Thales Alenia Space has a $3,000,000,000 contract to build Lightspeed satellites and manage network software and gateway integration.
SpaceX Falcon 9 could launch 15–16 Lightspeed satellites to an inclined orbit and around 13 satellites to a polar orbit.
Telesat has lined up Blue Origin and Relativity Space as early launch providers for Lightspeed and is in talks with additional launch partners it expects to announce 2021.
Telesat expects to start deploying its Lightspeed LEO constellation next year and has not finalized launch contracts.
Telesat announced plans on 2021-04-13 to raise $500,000,000 in debt to develop its Lightspeed LEO broadband network.
Thales Alenia Space is building the Lightspeed low Earth orbit satellites under a $3,000,000,000 contract that includes network management software and gateway integration.
Quebec’s provincial government will invest 400 million Canadian dollars in Lightspeed and Canadian space hardware maker MDA to build the network’s phased array antennas.
Telesat is finalizing plans to start launching a Lightspeed constellation of nearly 300 satellites beginning in 2022.
Telesat expects Lightspeed will start offering services in 2023.
Dan Goldberg, Telesat’s CEO, expects to complete Lightspeed’s financing within the next couple of months as of 2021-04-06.
MEF’s 3.0 Underlay Connectivity Service standards provide a standardized way for companies to understand the capabilities of Telesat Lightspeed and how to procure and integrate software-defined digital services into their networks.
Telesat will issue senior secured notes due 2026 around 2021-04-27 as part of a debt package funding 60% of Lightspeed’s cost.
Telesat plans to raise $500,000,000 with a bond to help fund its $5,000,000,000 Lightspeed broadband constellation.