July 28, 2019

Telesat Partners With Canadian Government to Expand Internet Connectivity

From Via Satellite

Telesat and the Canadian government partnered to help ensure access to affordable, high-speed internet connectivity across rural and remote areas of Canada through the development of Telesat’s LEO Satellite Constellation. The partnership is expected to generate $1.2 billion CAD in revenue for Telesat over 10 years, which includes a contribution of up to $600 million CAD from the Government of Canada, supporting the company’s mission of deploying a transformational communications architecture that delivers affordable, high-speed broadband services across Canada and the rest of the world.

Additionally, the Government of Canada will contribute $85 million CAD to Telesat through the Government’s Strategic Innovation Fund (SIF).  Telesat, as part of the agreement,  will support approximately 500 jobs in Canada, invest $215 million CAD in Research and Development (R&D) over the next five years, and promote STEM jobs and education in Canada through a newly created scholarship, university partnerships and other initiatives, with a strong focus on creating opportunities for women. Continue>