This IDC Market Perspective provides an update on new financing and contract details of Telesat's global low Earth orbit (LEO) satellite constellation named Lightspeed to extend high-speed broadband internet and wireless to unserved areas throughout Canada and the world and provide new service opportunities in enterprise markets.
"The planned launch of more than a dozen low Earth orbit satellite constellations to extend high-speed broadband internet and wireless to unserved areas coincides with the deployment of next-generation high-speed 5G wireless and 'has spawned a new global space race,' " says Lawrence Surtees, report author and vice president, Communications Research at IDC Canada.
"The new financing, potential customer commitments, and technologies garnered by Canada's Telesat have further strengthened the position of Lightspeed constellation as a leading contender to compete with the largest well-healed entrants in the global LEO satellite market," Surtees said.
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