Prior to its expected Initial public offering, Telesat is solidifying its finances to build its Low Earth Orbit (LEO) Lightspeed satellite communications constellation. This announcement brings another $1.44 billion to the $6.5 billion project.
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The government of Ontario announced today that it was investing $109 million into the Telesat Lightspeed Low Earth Orbit (LEO) telecommunication constellation. That brings the total investment for Lightspeed to $1.61 billion since last November. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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Telesat reported its financial results last week for three months ending on March 31, 2021. The company saw revenue decrease 6%, adjusted for foreign exchange rates, to $190 million. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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Telesat announced yesterday a proposed secured note offering that would see the company raise up to US$500 million. It was the latest news in a recent flurry related to their Lightspeed LEO satellite network. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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