Telesat to obtain $400 million funding from Quebec

by akoloy


Telesat, a Canadian satellite tv for pc operator, has entered right into a memorandum of understanding (MOU) with the federal government of Quebec for a CA$400 million funding.

The deliberate funding introduced Feb. 18 will go in the direction of constructing Telesat Lightspeed, Telesat’s Low Earth Orbit satellite tv for pc community. The community will include 298 satellites and guarantees to deliver gigabit speeds to telecom operators and industrial capabilities. Service ought to begin in 2023. An MOU is an understanding that outlines plans for funding and isn’t legally binding.

On November 9, 2020, the Innovation, Science and Economic Development Canada (ISED) introduced CA$600 million in funding for Telesat to assist deliver reasonably priced web service to underserved Canadian communities as part of Canada’s Connectivity Strategy. With the funding, Telesat is predicted to ship web capability at a decreased value to rural web service suppliers.

The funding from the Quebec authorities is a separate mission from ISED’s.

Related:

Telesat contracts Thales Alenia Space to build satellite broadband

 

In parallel to the funding announcement, Telesat additionally introduced a brand new know-how campus in Quebec that will likely be devoted to Lightspeed’s manufacturing and operations. The new campus will assist 320 new jobs, largely in STEM.

Telesat has additionally chosen MDA, a Canadian area know-how firm, to fabricate the phased array antennas for the Lightspeed satellites.

Last week, Telesat contracted Thales Alenia Space, a French-Italian three way partnership satellite tv for pc maker, to fabricate the Lightspeed satellites. Telesat defined in a press release that Thales Alenia Space will carry out the ultimate levels of Lightspeed satellite tv for pc’s manufacturing at a facility in Quebec.

Lynette Simmons, director of selling for Telesat, stated in an earlier e-mail that Thales Alenia Space may also be liable for the end-to-end community.

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