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Canadian govt invests $1 44B into Telesat s LEO network
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Government of Ontario signs $109m deal with Telesat for satellite Internet
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Telesat Lightspeed to Bridge Ontario s Digital Divide Through $109 Million Partnership with the Government of Ontario - Press Release
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The government of Québec will invest 400 million Canadian dollars ($316 million) in
Telesat‘s new Low-Earth Orbit (LEO) constellation, Lightspeed. In return, Canadian satellite operator Telesat will invest CA$1.6 billion into Québec by moving a “significant portion” of Lightspeed manufacturing and operations to the Canadian province, according to the terms of the MoU agreement announced February 18.
Telesat’s new Québec-based Lightspeed production and operations facilities will include: a Network Operating Center; a Satellite Control Center; a Cybersecurity Operations Center; an Engineering Lab; and an advanced landing station providing secure communication links to the constellation.
Thales Alenia Space. The initial constellation will be made up of 298 Ka-band satellites to provide global broadband internet service starting in the second half of 2024. As part of the MoU with Québec, Thales Alenia Space will establish the final manufacturing of the advanced Lightsp
After reaching a deal with a European manufacturer to build a multibillion-dollar fleet of satellites that will deliver high-speed internet around the world, Ottawa-based Telesat plans to build a major campus in Gatineau to oversee the network’s operations as part of a $400-million investment from the province.
Under the terms of the deal, which is expected to be finalized in the next few months, the Quebec government will receive a $200-million equity stake in the cutting-edge satellite network, dubbed Lightspeed. The province will also provide Telesat with a $200-million loan.
In a statement Thursday, the Quebec government said the Lightspeed program is expected to inject up to $1.8 billion into the provincial economy and create as many as 600 jobs.