Franco-Italian group Thales Alenia Space has won a multi-billion dollar contract for a huge constellation of telecom satellites for the Canadian group Telesat, it said Tuesday.

Telesat is to spend around $3.0 billion for almost 300 Low Earth Orbit (LEO) satellites that will allow it to provide high-speed internet and communication services, a statement said.

The group already operates a network of geo-stationary satellites that orbit the earth at an altitude of 35,000 kilometres (22,000 miles)

The new constellation, dubbed Lightspeed, is to comprise 298 satellites, the statement said.

"We will be able to provide full global service in 2024," Telesat chief executive Dan Goldberg told AFP.

The project's final cost is estimated at $5.0 billion, he added.

Thales Alenia Space is majority owned by the French group Thales, with the Italian company Leonardo holding a minority share.

"With this historic contract, Thales Alenia Space confirms its position as the industrial benchmark in global satellite constellations," a group statement said.

LEO satellites are much lighter than geo-stationary ones and can provide large bandwidth coverage to telecommunications companies.

Thales Alenia Space chief executive Herve Derry told AFP the group would build "the most advanced constellation network ever conceived.

"Basically we will offer fibre-like service across the globe," he said.

Goldberg, who confirmed it was his group's largest contract ever, told AFP: "We are focused on bridging the digital divide by providing very fast affordable links to mobile network operators and telephone companies.

"We're focused on providing much better broadband connectivity to airplanes and ships and government users," he added.

mra/wai/bmm

FINMECCANICA

THALES

LORAL SPACE & COMMUNICATIONS

FCC - FOMENTO DE CONSTRUCCIONES Y CONTRATAS SA

AIRBUS GROUP

Related Links
The latest information about the Commercial Satellite Industry

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

MDA appoints new VP of Satellite Systems
Montreal, Canada (SPX) Jan 28, 2021
MDA is pleased to welcome Amer Khouri as the company's new Vice President of Satellite Systems. As the leader for this business, Mr. Khouri will be responsible for all business area activities including successful execution of existing programs and the continued growth of MDA's Satellite Systems business, which is based in Montreal, Canada. Mr. Khouri has an extensive 25-year career in general management, corporate and business development, strategy, product management and marketing. He is a prove ... read more