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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.
Telesat will invest C$1,600,000,000 into Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations.
A final agreement implementing the MOU between Telesat and the Government of Québec is expected to be completed in the coming months.
The Quebec government will invest 400 million Canadian dollars (US$315,500,000) in Telesat’s Lightspeed low-Earth orbit communications network.
The Government of Canada agreed in November to pay Telesat 600 million Canadian dollars over 10 years to provide subsidized broadband internet services to rural Canadian communities.
The Telesat Lightspeed program will create 600 high-paying STEM jobs.
Telesat completed a C$600,000,000 partnership with the Government of Canada to support Telesat Lightspeed and bridge Canada’s digital divide.
Gilat demonstrated record performance in the first-ever 0.005 kg connectivity over Telesat’s Phase-1 LEO on two occasions in 2019.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites.
Telesat selected Thales Alenia Space to manufacture 298 Lightspeed satellites to provide Wi‑Fi to ships, aircraft, businesses, and government customers from low Earth orbit.
Telesat previously focused on providing communications from geostationary satellites prior to pursuing the Lightspeed low-Earth orbit constellation.
The Quebec government will obtain 200 million Canadian dollars in preferred Telesat equity and provide a 200 million Canadian dollar loan to Telesat as part of the Lightspeed agreement.
The Telesat Lightspeed LEO fleet contract announced on 2021-02-09 will bring an additional 15,000 Gb/s of bandwidth when it goes fully live around the 2023 to 2024 timeframe.
Telesat signed an agreement in 2019 with Blue Origin for launch services on the New Glenn rocket under a non-exclusive arrangement.
Telesat’s constellation is named Lightspeed and will start offering services in 2023.
Telesat teamed with Lockheed Martin to study interoperability between Telesat’s LEO constellation and satellites Lockheed Martin is building for the Space Development Agency.
Telesat selected Thales Alenia Space on 2021-02-09 to manufacture 298 satellites for a broadband network in low-Earth orbit.
Telesat plans to build a constellation of 298 internet satellites in low Earth orbit, each of which will have four optical links.
The Canadian Government signed a $600 million CAD agreement with Telesat for affordable broadband connectivity using a LEO constellation for remote areas.
Loon licensed its network operating system to Telesat to support Telesat’s planned LEO constellation.