Canada, Quebec give billions of dollars for satellite production [Financial Post (Toronto, Ontario, Canada)]
Telesat Corporation (TSAT)
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. MONTREAL — The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat Holdings Inc., to help the company build its broadband satellite constellation. Quebec's government, meanwhile, announced a loan of $400 million to the company, which has contracted aerospace technology firm MDA to build its satellites in Ste-Anne-de-Bellevue, Que., in the Montreal area. Speaking to reporters today in Ste-Anne-de-Bellevue, Prime Minister Justin Trudeau said the Telesat Lightspeed Low Earth Orbit broadband satellite constellation will enable Canadians in the most remote parts of the country to connect with cheaper, more reliable internet. A news release from the Office of the Prime Minister says Ottawa's loan will help create 2,000 jobs in Canada. Quebec Premier Francois Legault told reporters Telesat plans to create 967 jobs in the province. Trudeau said Ottawa-
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TSAT
News
- Governments of Canada and Quebec expand high-speed Internet access in Quebec [Yahoo! Finance]Yahoo! Finance
- Telesat Schedules Third Quarter 2024 Earnings Conference Call for November 14, 2024 [Canadian Business Journal (Canada)]Canadian Business Journal
- Telesat Schedules Third Quarter 2024 Earnings Conference Call for November 14, 2024GlobeNewswire
- Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed NetworkGlobeNewswire
- Telesat pitches Taiwan on low-Earth-orbit satellite internet [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TSAT
Sec Filings
- 10/7/24 - Form SC
- 9/26/24 - Form SC
- 9/24/24 - Form 6-K
- TSAT's page on the SEC website