Telesat to build a $5 billion global satellite network to bring fiber-like internet to businesses

Canadian telecommunications satellite operator Telesat announced on Tuesday that French-Italian space hardware manufacturer Thales Alenia Space will build its next-generation broadband satellite network called Lightspeed. Lightspeed will focus on providing high-speed fiber-like internet to Telesat’s customers around the globe. The network, known in the industry as a constellation, will consist of 298 next-generation satellites that orbit the Earth at an altitude of about 1000 kilometers... More

(Source: CNBC - Feb 10)