“There aren’t that many LEO operators out there … that you can put money to work with.” “There’s a lot of interest in LEO right now, and there are a lot of parties that share our vision that there’s a big opportunity there,” Goldberg said. He did not share further insight into who the potential financiers are. It will be a competitor to SpaceX’s Starlink, OneWeb, and Amazon’s planned Kuiper constellation.Īs previously stated, Goldberg reiterated Telesat is looking for equity investors specifically into the Lightspeed LEO project, which would be subordinate to other funding sources including Bpifrance export credit agency and the governments of Canada and Quebec province. Lightspeed is Telesat’s planned Low-Earth Orbit (LEO) constellation of 188 satellites with 10 in orbit spares to supply broadband connectivity to fixed and mobile network operators, aeronautical and maritime users, enterprise customers, and governments. “Bringing this all to a close has definitely taken longer than I anticipated,” he added, saying he hopes Telesat can share more “in the near term.” “We know well that investors and others want clarity as to where we stand on Lightspeed financing and we hope to be in a position to provide that clarity soon.” “We continue to make progress with the various parties we’re engaged with and we remain optimistic that we’re going to secure the financing we need to move forward with the program, recognizing of course that there’s no assurance that we’ll ultimately get there,” Goldberg said on a March 29 call with investors.
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