The Ottawa company announced that its satellites will be launched by Blue Origin, the Jeff Bezos-founded rocket firm. It also announced a partnership with Loon, a Google subsidiary that delivers broadband via balloons. Telesat plans to provide faster speeds by launching 292 small satellites to circle the planet 1,000 kilometres above the surface. (Globe and Mail)
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The Ottawa company announced that its satellites will be launched by Blue Origin, the Jeff Bezos-founded rocket firm. It also announced a partnership with Loon, a Google subsidiary that delivers broadband via balloons. Telesat plans to provide faster speeds by launching 292 small satellites to circle the planet 1,000 kilometres above the surface. (Globe and Mail)
Talking point: The company is competing against U.S. firms SpaceX and OneWeb in a US$127.7-billion market for space-based broadband and TV. Telesat clients are governments and industry, not individuals. For businesses, in particular, every extra bit of speed is worth a lot of money. Toronto-based Arctic Fibre, a formerly Canadian firm, once planned to spend $600 million on a fibre-optic cable through the Northwest Passage because it would cut data transmission times between the financial hubs of Tokyo and London by 29 milliseconds. The forthcoming film The Hummingbird Project, starring Jesse Eisenberg and Salma Hayek, is based on a similar premise.
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