Cable & Telecom

Feds to invest $1.44B in Telesat Lightspeed

Banking on LEO technology to help bring high-speed Internet to all Canadians by 2030 OTTAWA – The government announced today it will invest $1.44 billion into Telesat Lightspeed, Telesat’s advanced low Earth orbit (LEO) satellite constellation. The investment is to be made “through a $790-million repayable loan and a $650-million preferred share equity investment for which the government would receive a dividend,” according to a Government of Canada press release. “As part of this investment, the government would also receive warrants that can be converted into common shares in Telesat so that Canadians can share in the financial upside from...