Global Trade Alert
Global Trade Alert

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

Announcement

12 Aug 2021

The Canadian government announced providing funding to Telesat to support the company’s Low Earth Orbit (LEO) satellite network.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Aug 2021

Revocation date:

No revocation date

Updated: 12 Aug 2021
Capital injection and equity stakes (including bailouts) In force

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 CA...

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Updated: 12 Aug 2021
State loan In force

On 12 August 2021, Canada reached an agreement with Telesat, one of the world’s largest satellite operators, to support the company’s Low Earth Orbit (LEO) satellite network. Under the ...

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