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Canada: Government announces CAD 1.44 billion funding for a satellite operator developing Low Earth Orbit (LEO) satellite network

Description

On 12 August 2021, Canada has provided CAD 1.44 billion funding to Telesat to support the company’s Low Earth Orbit (LEO) satellite network. Within the scope of the agreement, Canada will make a CAD 6...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Aug 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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