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Dan Goldberg, Telesat’s CEO, expects to complete Lightspeed’s financing within the next couple of months as of 2021-04-06.
Telesat Lightspeed is planned to launch in the second half of 2023.
Telesat is not abandoning geostationary (GEO) operations and cites direct-to-home television as a market best served from GEO for a decade or more.
Telesat estimates the total cost of the Lightspeed system at $5,000,000,000.
Telesat selected Thales Alenia Space on 2021-02-09 as the prime contractor to build the Lightspeed low Earth orbit constellation.
Telesat is seeking to start Lightspeed launches in 2022.
Telesat plans to finance Lightspeed with a mix of 60% debt and 40% equity.
MDA identified supplying antenna systems for Telesat’s Lightspeed low Earth orbit broadband constellation as a flagship program that will generate $800,000,000 in revenue over several years.
Telesat’s Lightspeed constellation has an initial fleet plan of 300 satellites and options to expand to 1,600 satellites, creating a multibillion-dollar future opportunity if expanded.
SES supports the Telesat Proposal to the extent that it proposes a mechanism for fixed-satellite service (FSS) operators to receive financial compensation to accelerate clearing of existing FSS users in the 3700–4000 MHz band.
Telesat Lightspeed is Telesat’s LEO satellite network.
The companies will conduct integration work and interoperability tests with the Telesat Lightspeed satellite onboard processor.
Under the agreement, Telesat and SatixFy will demonstrate advanced modem designs for Landing Stations and User Terminals for Telesat Lightspeed.
The advanced capabilities of the Sx3099 modem chip meet enterprise-grade service delivery requirements of the Telesat Lightspeed network.
Telesat has an agreement with SatixFy that provides Telesat early access to SatixFy’s second-generation Sx3099 modem chip.
The technology fit between the Sx3099 modem chip and the Telesat Lightspeed ground segment infrastructure is considered excellent.
SatixFy and Telesat will perform a six-month requirements verification program focused on the development and testing of evaluation boards and prototype modem units.
Telesat completed a $600,000,000 partnership with the Government of Canada for Telesat Lightspeed.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites in Québec.
The Government of Québec’s $400,000,000 investment into Telesat Lightspeed will consist of $200,000,000 in preferred equity and a $200,000,000 loan.