Telesat secures up to $600 million of $1.75 billion Universal Broadband Fund

Prime Minister Trudeau announces Universal Broadband Fund. Credit: CPAC.

The Universal Broadband Fund was to have been announced in the spring, but due to the novel coronavirus COVID-19 it was delayed. That delay resulted in Telesat pushing back its plans to move forward with its Low Earth Orbit (LEO) satellite constellation program.

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About Marc Boucher

Boucher is an entrepreneur, writer, editor & publisher. He is the founder of SpaceQ Media Inc. and CEO and co-founder of SpaceRef Interactive LLC. Boucher has 20+ years working in various roles in the space industry and a total of 30 years as a technology entrepreneur including creating Maple Square, Canada's first internet directory and search engine.