Telesat to receive $400 million investment from Quebec

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

The planned funding announced Feb. 18 will go towards building Telesat Lightspeed, Telesat’s Low Earth Orbit satellite network. The network will consist of 298 satellites and promises to bring gigabit speeds to telecom operators and industrial functions. Service should start in 2023. An MOU is an understanding that outlines plans for funding and is not legally binding.

On November 9, 2020, the Innovation, Science and Economic Development Canada (ISED) announced CA$600 million in funding for Telesat to help bring affordable internet service to underserved Canadian communities as a part of Canada’s Connectivity Strategy. With the funding, Telesat is expected to deliver internet capacity at a reduced cost to rural internet service providers.

The funding from the Quebec government is a separate project from ISED’s.

Related:

Telesat contracts Thales Alenia Space to build satellite broadband

 

In parallel to the funding announcement, Telesat also announced a new technology campus in Quebec that will be dedicated to Lightspeed’s production and operations. The new campus will support 320 new jobs, largely in STEM.

Telesat has also selected MDA, a Canadian space technology company, to manufacture the phased array antennas for the Lightspeed satellites.

Last week, Telesat contracted Thales Alenia Space, a French-Italian joint venture satellite maker, to manufacture the Lightspeed satellites. Telesat explained in a press release that Thales Alenia Space will perform the final stages of Lightspeed satellite’s manufacturing at a facility in Quebec.

Lynette Simmons, director of marketing for Telesat, said in an earlier email that Thales Alenia Space will also be responsible for the end-to-end network.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Tom Li
Tom Li
Telecommunication and consumer hardware are Tom's main beats at IT Business. He loves to talk about Canada's network infrastructure, semiconductor products, and of course, anything hot and new in the consumer technology space. You'll also occasionally see his name appended to articles on cloud, security, and SaaS-related news. If you're ever up for a lengthy discussion about the nuances of each of the above sectors or have an upcoming product that people will love, feel free to drop him a line at tli@itwc.ca.

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.