Canadian satellite operator Telesat plans to raise $500 million with a bond to help fund its $5 billion Lightspeed broadband constellation.
Telesat expects to finalize the financing for its Lightspeed broadband constellation in the next few months, along with contracts to launch the fleet of nearly 300 satellites.
The Quebec government will invest 400 million Canadian dollars ($315.5 million) in Telesat’s Lightspeed low-Earth orbit communications network and MDA will produce the constellation’s phased array antennas.
Canadian satellite fleet operator Telesat is in advanced discussions with vendors seeking to build and launch satellites for its multibillion dollar Telesat LEO constellation.
Telesat won a $18.3 million DARPA contract to produce two satellite buses for the Blackjack low-Earth orbit constellation.
SDA's contracting process has impressed industry executives.
Hughes Network Systems believes it has a chance at winning some of the $20.4 billion in rural broadband subsidies the U.S. Federal Communications Commission is preparing to spend, thanks to the company’s recent investment in megaconstellation startup OneWeb.
The U.S. Federal Communications Commission remains unconvinced that low Earth orbit satellite internet constellations are worth subsidizing through its $16 billion rural broadband program despite tweaking the rules for that program to give LEO constellations a better chance to qualify for funding.
Telesat says enabling technologies for its low-Earth-orbit constellation of 298 internet satellites are now mature enough for the operator to select a prime contractor in the next few months.
WASHINGTON — The FCC says it will scrap a $9.7 billion spectrum clearing incentive package approved last week if Intelsat and SES don’t both agree to the terms.
Telesat and SES are urging the U.S. Federal Communications Commission to reject Intelsat’s request for a larger share of the $9.7 billion in incentive payments the FCC plans to offer satellite operators to hasten the clearing of C-band spectrum the United States wants to repurpose for 5G cellular networks.
SES has started its own campaign for more money, arguing that “undisputed facts conclusively show that Intelsat and SES deserve equal shares of any accelerated relocation payments.”
Intelsat on Feb. 19 urged the FCC to give the company at least $1 billion more of $9.7 billion in proposed compensation for clearing C-band spectrum for 5G networks and to treat the C-Band Alliance Intelsat formed with rivals SES and Telesat as essentially dead.