Feds agree to spend up to $600M on Telesat broadband from future LEO constellation

By Christopher Guly

OTTAWA – As part of its strategy to provide high-speed internet connectivity to all Canadians by 2030, the federal government announced on Wednesday that it will provide the rocket fuel for Telesat’s LEO launch.The federal government announced Wednesday it has committed to spend up to $600 million over 10 years to buy broadband capacity once Telesat’s planned low-earth orbit (LEO) satellite constellation is operational – and invest another $85 million, through the Strategic Innovation Fund, to support research and development on Telesat’s LEO initiative in which the Ottawa-based company has already invested $403 million.“Even with our strong history and our strong...