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Telesat will be eligible to receive amounts under the agreement over a ten-year period once the Telesat LEO constellation enters service.
Telesat LEO will deliver gigabits-per-second levels of broadband capacity into communities to support households, schools, healthcare facilities, and government services.
The $600,000,000 CAD agreement enables internet and mobility service providers to acquire Telesat LEO capacity at substantially reduced rates to bring broadband connectivity to rural, Northern, and Indigenous communities in Canada.
Mobility service providers using Telesat LEO capacity will offer LTE services.
Telesat LEO is designed to provide reliable, secure, fiber-like broadband connections that support at least 50 Mbps download and 10 Mbps upload speeds with unlimited data.
Service providers using Telesat LEO capacity will offer broadband services to end users of at least 50/10 Mbps speeds with unlimited data.
The agreement between Telesat and the Government of Canada provides $600,000,000 CAD in support for Telesat’s LEO satellite constellation.
A Memorandum of Understanding between Telesat and the Government of Canada was signed in July 2019.
Telesat plans to order at least 117 new satellites for a low Earth orbit constellation.
Telesat expects to announce the prime contractor for its LEO constellation later 2020.
Telesat is providing technical advice on the optical links for Lockheed Martin’s campaign to build 10 SDA satellites.
Telesat committed to invest any proceeds it receives from the Canadian C-band clearing process into Telesat LEO.
For the first three quarters of 2020, Telesat reported revenue of $619 million, down from $691,000,000 a year earlier, a decline of about 10%.
Telesat is in line to receive $344,000,000 to clear C-band spectrum in the United States.
For the quarter that ended 2020-09-30, Telesat reported revenues of $202 million, down nearly 15% from $237,000,000 for the same period in 2019.
Telesat plans to supply DARPA with two modified Airbus Arrow spacecraft for the Blackjack contract because Telesat has not yet selected a satellite manufacturer for Telesat LEO.
Telesat CEO Dan Goldberg expects the company to announce which vendors will build and launch Telesat LEO satellites by the end of the year.
Telesat is in advanced discussions with vendors to build and launch satellites for its multibillion-dollar, 298-satellite Telesat LEO constellation.
Telesat is supporting Lockheed Martin’s effort to build 10 satellites for the Pentagon’s Space Development Agency using small buses from Tyvak Nano-Satellite Systems.
Telesat signed launch contracts with Blue Origin’s New Glenn to fly 30 to 35 Telesat LEO satellites per launch.