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The Canadian government agreed to provide a loan worth 2.14 billion Canadian dollars to Telesat for the Lightspeed constellation.
Telesat projects adjusted EBITDA between 340 million and 360 million Canadian dollars for 2024 as Lightspeed expenses ramp up.
Telesat plans to begin Lightspeed satellite deployments in 2026 via SpaceX.
MDA Space holds contracts in the non-geostationary business, including orders from Telesat for its Lightspeed LEO fleet.
MDA Space builds non-GEO satellites, including work on Telesat’s Lightspeed constellation, and provides components for GEO satellite manufacturers.
The Avanti–Telesat collaboration is intended to be optimized to serve the critical connectivity requirements of Avanti’s enterprise and government customers once the Telesat Lightspeed constellation is operational in 2027.
Avanti’s first low-latency LEO constellation agreement with Telesat will support execution of Avanti’s new strategy built on a customer-pull model.
Avanti Communications signed a memorandum of understanding with Telesat to test and develop LEO services as part of a global strategy to deliver bespoke, multi-orbit solutions.
Avanti plans to incorporate Telesat’s Lightspeed services into Avanti’s network to provide affordable, high-quality broadband connectivity worldwide.
Telesat awarded MDA a 2.1 billion Canadian dollar contract to develop the Lightspeed LEO broadband constellation.
MDA has contracted to build 17 satellites for Globalstar, 198 satellites for Telesat, and 36 satellites for an unnamed GEO customer starting in 2025.
Avanti Communications signed a Memorandum of Understanding with Telesat to test and develop LEO services.
Avanti plans to incorporate Telesat’s Lightspeed services into its network to provide affordable, high-quality broadband connectivity worldwide.
The Avanti–Telesat collaboration will be optimized to serve the critical connectivity requirements of Avanti’s enterprise and government customers once Telesat Lightspeed is operational in 2027.
On 2024-02-22, Avanti Communications planned to integrate the low Earth orbit services that Telesat aims to bring online in 2027 with Avanti’s regional geostationary network.
Avanti Communications and Telesat will explore using Avanti’s existing ground infrastructure across Europe, the Middle East, and Africa to support and accelerate the commercial deployment of Telesat’s LEO constellation.
The Avanti–Telesat deal is the first agreement Avanti has announced under its multi-orbit strategy unveiled in November.
SpaceX is due to start launching the 198 MDA-built satellites for the Telesat Lightspeed constellation in mid-2026.
Telesat operates a fleet of geostationary satellites and plans to use its LEO network to compete with Eutelsat, SES, and other operators in the multi-orbit broadband market.
Since emerging from stealth, Aalyria has received awards from and developed partnerships with the Defense Innovation Unit, the U.S. Naval Research Laboratory, Comtech, the European Space Agency, Telesat, Intelsat, Airbus, and Rivada Space.