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Canada Invested $85 Million in Internet Satellites

Telesat, the SpaceX internet competitor, and Canadian telecom wish to connect remote regions with its low-earth-orbit satellites. Now, it seems to have the backing of Her Majesty’s Government. The corporate announced today that it’s partnering with the Canadian government to expand high-speed internet access to rural areas. Over the next decade, the government will contribute 600 million USD in Canadian dollars towards the telecom’s upcoming fleet of satellites. An additional $85 million of funding will probably be used to create 500 new jobs, invest in R&D, and promote STEM education.

Navdeep Bains, the Canadian minister of innovation, mentioned that high-speed internet access is not a luxury and that Canadians should have access to it no matter where they live. “Today’s announcements will provide us with a glimpse of what future connectivity of rural and remote communities will look like. It will additionally ensure that innovative Canadian corporations, like Telesat and its partners, remain, world leaders, creating extremely skilled jobs in Canada,” mentioned Bains in an announcement.

Telesat has made steady progress in its objective of establishing a low-earth-orbit (LEO) constellation of 292 satellites, aiming to supply satellite internet service by the end of 2022. Back in January, Telesat reached a deal with Jeff Bezos’ rocket agency, Blue Origin, to deploy the satellites, and Alphabet’s Loon to supply the networking system. At present, corporations like Airbus, Thales, and Leonardo are vying for a contract to build Telesat’s constellation, estimated to be worth $3 billion.

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