
OTTAWA, CANADA, November 9, 2020 (Telesat PR) – Telesat and the Government of Canada announced today the completion of their agreement to ensure affordable, high-speed broadband connectivity across all of Canada with Telesat’s advanced, state-of-the-art Low Earth Orbit (LEO) satellite constellation.
Following a Memorandum of Understanding signed in July 2019, this $600 million CAD (US $459.4 million) agreement enables Internet and mobility service providers to acquire Telesat LEO capacity at substantially reduced rates to bring universal broadband connectivity to rural, Northern and Indigenous communities across Canada. Telesat will be eligible to receive amounts under the agreement over a ten year period once the Telesat LEO constellation enters service.
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