{"id":282366,"date":"2021-08-13T11:02:58","date_gmt":"2021-08-13T11:02:58","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=325643"},"modified":"2021-08-13T11:02:58","modified_gmt":"2021-08-13T11:02:58","slug":"canada-injects-1-2b-in-satellite-play","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/08\/13\/canada-injects-1-2b-in-satellite-play\/","title":{"rendered":"Canada injects $1.2B in satellite play"},"content":{"rendered":"

<\/p>\n

\tThe Canadian government committed to invest CAD1.4 billion ($1.2 billion) in Telesat Lightspeed and support its Low Earth Orbit (LEO) satellite network, which is designed to bring affordable LTE, 5G and broadband connectivity across the country.<\/p>\n

Under the agreement, the Canadian government will provide a loan of CAD790 million to the company, as well as make a CAD650 million equity investment.<\/p>\n

Telesat will commit to make certain minimum capital and operating expenditures in Canada in connection to the programme and create jobs in the country.<\/p>\n

In total, through its Canadian supply chain, it is expected to support 1,500 jobs.<\/p>\n

Telesat claimed the initiative is the largest space programme conceived in Canada and \u201cwill be the most innovative cutting-edge broadband satellite network in the world”.<\/p>\n

Its network is comprised of 298 highly advanced satellites with next-generation technologies, and is designed to provide a connectivity boost to the country at affordable prices.<\/p>\n

In total, it said it has commitments of approximately CAD4 billion in funding.<\/p>\n

Minister of Innovation, Science and Industry Francois-Phillipe Champagne said now was \u201cthe time to bolster\u2019s Canada\u2019s position as a global leader in the new space economy\u201d.<\/p>\n

Satellite surge
\nThe Canadian government\u2019s investment mirrors other major moves in the satellite connectivity space.<\/p>\n

Among them, the UK government put together a $1 billion rescue package for satellite provider OneWeb [1] through a consortium and entrepreneur Elon Musk is also developing a play to bridge the world\u2019s connectivity divide through satellite [2] with Starlink.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/oneweb-takes-funding-to-2-7b-with-hanwha-deal
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/musk-operators-starlink<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

The Canadian government committed to invest CAD1.4 billion ($1.2 billion) in Telesat Lightspeed and support …<\/p>\n

The post Canada injects $1.2B in satellite play<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Canada injects $1.2B in satellite play - ITTeacherITFreelance.hk","description":"The Canadian government committed to invest CAD1.4 billion ($1.2 billion) in Telesat Lightspeed and support ... The post Canada injects $1.2B in satellite play"},"footnotes":""},"categories":[11,8],"tags":[9531],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/282366"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=282366"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/282366\/revisions"}],"predecessor-version":[{"id":282367,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/282366\/revisions\/282367"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=282366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=282366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=282366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}