Canada makes 2nd billion-dollar investment in Telesat Lightspeed, now financed at $3.2B. Waiting on Bpi France, EDC

by Peter B. de Selding

CUNCY-LES-VARZY, France — The government of Canada announced a second billion-dollar commitment to the Telesat Lightspeed satellite broadband constellation, bringing Telesat’s total Lightspeed funding to about $3.2 billion.

The remaining $1.8 billion in planned Lightspeed capex is expected to come from the French export credit agency, Bpi France, and its Canadian counterpart, Export Development Canada (EDC).

Telesat Chief Executive Daniel S. Goldberg, in an interview, said the two credit agencies now have everything they asked for, including customer . . .

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