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Telesat committed to invest 1 billion Canadian dollars of Lightspeed’s initial capital expenditures in Canada.
Ontario’s government provided Telesat a five-year investment agreement worth 109 million Canadian dollars less than a week before the federal Lightspeed financing package.
Telesat will invest $20,000,000 in capital expenditures for expansion of its Ontario facilities.
A dedicated Telesat Lightspeed capacity pool will be made available at substantially reduced rates to Canadian Internet service providers and mobile network operators to expand high-speed Internet and LTE/0.005 kg networks in Ontario’s unserved and underserved communities.
Telesat will increase its Ontario-based staff by approximately 35%, growing to approximately 400 highly skilled jobs.
Telesat raised $500,000,000 in debt in April to help fund Lightspeed’s estimated $5,000,000,000 cost.
As part of the deal reached 2021-08-06, Telesat will increase its Ontario-based staff by around 35% to about 400 highly skilled jobs.
Telesat committed to investing 20 million Canadian dollars to build out facilities in Ontario, including a new gateway landing station and an expanded corporate headquarters.
Until Jupiter-3 is available, Hughes is using capacity from Telesat’s T-19 Vantage satellite to maintain service.
Ka2517 antennas were successfully tested on Telesat’s Phase 1 LEO satellite, validating LEO satellite tracking, extremely high spectral efficiencies, and ultra-low latency of 20–40 milliseconds.
Based on ThinKom Ka2517 antenna performance and Telesat’s Lightspeed LEO network, uplink speeds are expected to reach up to 200 Mbps to a single aircraft.
Based on ThinKom Ka2517 antenna performance and Telesat’s Lightspeed LEO network, downlink speeds are expected to reach up to 830 Mbps to a single aircraft.
Anuvu’s constellation is part of a multi-orbit strategy that will add low Earth orbit capacity in 2024 from satellites Telesat is developing.
Quilty Analytics has issued the latest edition of its Satcom Quarterly Briefing evaluating Telesat’s LEO satellite constellation called Lightspeed.
Telesat Lightspeed will consist of 298 crosslinked next-gen satellites and an advanced ground infrastructure.
Telesat is projected to need to generate run rate revenue of $2.5 billion to realize a return on investment aligned with a hurdle rate of 10-12%.
Historically, broadband SATCOM markets have seen only modest growth, presenting risk to Telesat's revenue generation efforts.
Telesat Lightspeed will create a highly secure, global mesh network mainly serving enterprise and B2B markets including carriers, MNOs, and customers in aero, maritime, and government.
Commercial service for Telesat Lightspeed is expected to commence in 2024.
Telesat has global distribution and a revenue base exceeding $600 million generating high EBITDA margins and significant free cash flows.