Telesat Lightspeed costs rising on inflation, program delays; ITU deadline out of reach; export-credit OK sought by year’s end

by Peter B. de Selding

LA PLATA, Maryland —  Satellite fleet operator Telesat’s $5-billion, 188-satellite LightSpeed broadband constellation is likely to approach $6 billion in cost as inflation and program delays push up costs and the export-credit agencies (ECAs) asked to finance the program demand that Telesat secure contingent equity.

Telesat’s planned 2025 date for launching the constellation is now obsolete. Telesat said it will update the schedule once it has a firmer grasp of the terms and timing of the ECA financing.

Canada-based Telesat’s rights . . .

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