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The Ontario government has finalized a $100 million deal with Elon Musk’s Starlink to deliver internet access to rural homes and businesses.
Low-Earth orbit satellites operate 35 times closer to Earth than traditional satellites, allowing for faster data transmission, even in rural, remote, and northern areas, according to the PMO. The $2.54 billion loan to Telesat consists of $2.14 billion from Ottawa and $400 million from Quebec.
The PMO also highlighted the job creation aspect in its press release, noting that the federal investment will generate 2,000 jobs across Canada through Telesat and its supply chain, including MDA Space, the prime contractor for satellite development and manufacturing.