Tag Archives: starlink

Canadian Government Funding Telesat: $1.44 Billion for Satellite Internet

The federal government has contributed a hefty $1.44 billion towards Telesat. With this investment, the company has almost reached its funding goal of $5 billion. The government’s funding comes in two parts: a $730 million loan and $650 million being purchased in shares.  Telesat is a satellite internet company, and will act as Canada’s competition …