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Future of Canadian space company Telesat uncertain as concerns rise over ability to pay off debts
Telesat CEO Dan Goldberg sits beside a model of a Ariane 5 rocket that launched the Anik F2 satellite in 2004, at the company's headquarters in downtown Ottawa, on Friday, Sept. 4, 2020. (Justin Tang for The Globe and Mail)
inside the market
Wednesday’s analyst upgrades and downgrades: Ratings lowered on Scotiabank
Scotiabank reported third-quarter net income of $2.59 billion, up from $2.54 billion in the same quarter last year. A branch of Scotiabank is pictured in downtown Toronto on Tuesday, April 10, 2018. THE CANADIAN PRESS/Chris Young
opinion
Public money supports potential payday for Telesat CEO
David Milstead
rob magazine
Telesat is in race to deliver high-speed satellite internet, but it’s going up against two of the world’s richest men
Telesat, a once stodgy psuedo-government outpost, is in a race to deliver the fastest satellite internet to customers around the world. But it's going up against two of the richest (and most unpredictable) men on the planet
report on business
Telesat has big ambitions for Canadian broadband
Telesat CEO Dan Goldberg stands in the company's Satellite Control Centre in downtown Ottawa, on Friday, Sept. 4, 2020. (Justin Tang for The Globe and Mail)
report on business
Welcome to the space jam: Canadian startup Kepler stirs debate with huge planned fleet of internet satellites
report on business
Satellite operator Telesat applies to list on TSX
Telesat?s corporate headquarters is shown in Ottawa, Monday, December 18, 2006. Loral Space & Communications Inc. has signed a deal with with the Public Sector Pension Investment Board and Telesat Canada to combine Loral and Telesat into a new public company. THE CANADIAN PRESS/Fred Chartrand
canada
Evening Update: Canadians could be going to the polls on Sept. 20, reports say; Multiple fatalities in shooting in Plymouth, England
The Parliament buildings are seen in Ottawa, Monday, April 27, 2020. In addition to one limited in person session, Parliament is scheduled to begin sitting virtually twice a week Tuesday in response to the COVID-19 pandemic. THE CANADIAN PRESS/Adrian Wyld
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Federal government providing $1.44-billion to Telesat to bring broadband internet to rural Canada
Telsat's Satellite Control Centre in downtown Ottawa is seen, on Friday, Sept. 4, 2020. (Justin Tang for The Globe and Mail)
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Telesat takes on Musk and Bezos in space race to provide fast broadband
Telesat president and CEO Daniel Goldberg comments during the announcement of a Quebec government tentative agreement with Telesat LEO Inc. and MacDonald, Dettwiler and Associates Ltd. to invest in Telesat Lightspeed in Montreal on Thursday, February 18, 2021. THE CANADIAN PRESS/Paul Chiasson
report on business
OneWeb to launch broadband services in Canada by end of the year
A Soyuz-2.1b rocket booster with a Fregat upper stage and satellites of British firm OneWeb blasts off from a launchpad at the Vostochny Cosmodrome in Amur Region, Russia March 25, 2021. Russian space agency Roscosmos/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT.
report on business
Canadarm maker MDA taps public markets veteran as chief financial officer in advance of expected IPO this year
MDA, the maker of the Canadarm, says it has begun designing a replacement for its Radarsat-2 satellite, which is used by government agencies and corporations to monitor everything from illegal fishing to ice in the north.
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Quebec investing $400-million in Telesat satellite internet venture
Telesat president and CEO Daniel Goldberg comments during the announcement of a Quebec government tentative agreement with Telesat LEO Inc. and MacDonald, Dettwiler and Associates Ltd. to invest in Telesat Lightspeed in Montreal on Thursday, February 18, 2021. THE CANADIAN PRESS/Paul Chiasson
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Elon Musk’s Starlink unveils U.S. voice service plans
In this time released exposure, the SpaceX Falcon 9 rocket launches from Cape Canaveral Space Force Station, Monday, Feb. 15, 2021 as seen from Viera, Fla. The rocket successfully launched 60 Starlink satellite. (Tim Shortt//Florida Today via AP)
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Telesat inks deal with Thales Alenia to build high-speed internet satellites for remote areas
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Satellite operators want Ottawa to pay them to vacate spectrum to be used for 5G
Telesat's corporate headquarters is shown in Ottawa, on Dec. 18, 2006.
report on business
Telesat Canada going public on Nasdaq to raise funds for satellite project
Telesat CEO Dan Goldberg sits beside a model of a Ariane 5 rocket that launched the Anik F2 satellite in 2004, at the company's headquarters in downtown Ottawa, on Friday, Sept. 4, 2020. (Justin Tang for The Globe and Mail)
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Internet everywhere, but at a cost: The race for the low-Earth satellite market
Telesat CEO Dan Goldberg stands in the company's Satellite Control Centre in downtown Ottawa, on Friday, Sept. 4, 2020. (Justin Tang for The Globe and Mail)
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Telesat Canada preparing to go public next year
The entrance of Telesat’s facility in Allan Park, Ontario, Canada on Monday, January 28, 2019. Telesat is in the process of implementing Low Earth Orbit (LEO) satellite constellation systems to provide global broadband internet and communication technology. Telesat currently has a phase 1 LEO satellite in orbit which is communicating with ground stations such as the Allan Park facility. Ryan Carter/The Globe and Mail