Canada said it's prepared to loan $2.14B to Telesat for broadband constellation

The federal government said it is prepared to loan a subsidiary of Telesat $2.14 billion toward the launch of low-earth orbit satellites intended to provide hard-to-reach areas with connectivity toward the goal of connecting the entire country to high-speed internet by 2030. After months of negotiations, Innovation Canada and Telesat Leo struck a deal-in-principle on March 28 for the loan with a payback period plus interest of 15 years. In return, the Canadian government will get warrants for 10 per cent of the common shares of Telesat LEO based on a $3-billion valuation. The loan has not been finalized and...