Larry Press writing at CIS 471 has the details:
Emily Jackson interviewed Dan Goldberg, Telesat President and CEO, in a recent episode of the Down to Business podcast. The interview followed the announcement that the Canadian Government would contribute $85 million (all amounts are in Canadian dollars) to support research and development in support of Telesat’s planned constellation of low-Earth orbit (LEO) satellites and another $600 million to subsidize Internet connectivity in rural Canada.
Goldberg pointed out that all governments subsidize rural connectivity and said the $600 million grant was expected to generate $600 million in revenue from below-market-rate sales to telephone companies and ISPs. The remaining capacity would be sold to others and he said they anticipated sales to enterprises, governments, ships, and airlines, but did not mention marketing directly to consumers.
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