Telesat: We’re still funding Lightspeed LEO constellation & optimistic about French, Canadian export-credit approval

by Peter B. de Selding

PARIS — Satellite fleet operator Telesat said the multiple delays in financing its $5 billion Lightspeed broadband constellation have begun to affect adjacent parts of its business, including the replacement of GEO-orbit satellites and its radio spectrum reservations in Canada, the United States and the International Telecommunication Union (ITU).

In a March 29 investor call and end-2022 financial filings with U.S. and Canadian regulators, Telesat otherwise insisted that it would continue spending money on Lightspeed preparation as it has been for the past couple of . . .

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