Telesat, a Canadian satellite communications company, announced on the 11th of August that MDA Ltd., a space technology company, will build 198 advanced satellites for the Telesat Lightspeed Low Earth Orbit (LEO) program. Telesat also announced that Telesat Lightspeed is now fully funded through global service delivery, by the company’s own equity contribution, certain vendor funding, and aggregate funding commitments from its Canadian federal and provincial government partners.
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