Canadian Satellite Company Telesat $3 Billion Deal To Build Low Earth Orbit Satellites
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February 9, 2021 - by Steve Scherer for www.reuters.com
Canadian satellite company Telesat on Tuesday tapped Thales Alenia Space to build 300 low earth orbit (LEO) telecommunications satellites in a contract worth about $3 billion, saying the first launch would be in about two years.
LEO satellites operate 36 times closer to the earth than traditional ones so they take less time to send and receive information, leading to better and faster broadband service even in remote areas.
"We are extremely bullish on the opportunity to get into the market and capture the...