Telesat Lightspeed receiving CAD400m investment from Quebec government

22 Feb 2021

Canadian satellite operator Telesat has entered into a Memorandum of Understanding (MoU) with the Government of Quebec for an investment of CAD400 million (USD317 million) – consisting of CAD200 million in preferred equity and a CAD200 million loan – into its Low Earth Orbit (LEO) broadband satellite network venture Telesat Lightspeed. Telesat will invest CAD1.6 billion into Quebec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations. The Lightspeed programme will create 600 high-paying STEM jobs in the province.

Telesat has selected Thales Alenia Space as prime contractor for Lightspeed under its CAD600 million partnership with the Government of Canada aimed at bridging the digital divide. Telesat also chose Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites. Telesat’s Quebec campus will incorporate a Network Operating Centre, Satellite Control Centre, Cybersecurity Operations Centre, Engineering Lab and Landing Station.

Canada, Telesat