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Telesat to establish campus in Quebec, receive CAD 400 million investment from province

Friday 19 February 2021 | 15:01 CET | News
Canadian satellite company Telesat has signed a new memorandum of understanding with the government of Quebec, for an investment of CAD 400 million into Telesat Lightspeed, the firm's Low Earth Orbit (LEO) satellite network. Under the terms of the MOU, the government will provide CAD 200 million in preferred equity and the other CAD 200 million as a loan.

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Categories: Broadcast & Satellite
Companies: Telesat / Thales Alenia Space
Countries: Canada
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