Telesat Canada: We’ll self-finance a big share of our LEO broadband project

by Peter B. de Selding

MOUNTAIN VIEW, California — Telesat expects to finance a large piece of its multibillion-dollar Telesat LEO constellation from its own operating cash flows supplemented by export-credit-agency-backed loans and government investment, a company official said.

Telesat’s constellation of low-orbiting Ka-band broadband satellites has earned grudging admiration for its design even from industry officials who don’t believe in the LEO business model. But the source of financing beyond limited contributions from contractors has never been clear.

Telesat reported about $738 million in revenue in . . .

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