Canada Invests $65 Million in Satellite Company To Narrow Broadband Gap For Remote Areas

The Canadian government said on Wednesday it is investing C$85 million ($64.70 million) in an Ottawa-based satellite company as part of an effort to provide better broadband internet access to rural and remote communities. From a report: Innovation, Science and Economic Development Minister Navdeep Bains said the funding would be used by Telesat to build and test technologies that use low-earth-orbit (LEO) satellites to boost connectivity. “This new, space-based system will provide a dramatic and disruptive improvement over existing satellites,” Telesat Chief Executive Officer Dan Goldberg said, adding that the technology will be affordable and reliable. LEO satellites operate 36 times closer to the earth than traditional telecommunications satellites. This means they take less time to send and receive information, leading to better and faster broadband service, even in rural, remote and northern areas.

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