Canada invests CUS$85 million in satellite company to narrow broadband gap for remote areas

OTTAWA: The Canadian government said on Wednesday it is investing CUS$85 million in an Ottawa-based satellite company as part of an effort to provide better broadband internet access to rural and remote communities.

LEO satellites operate 36 times closer to the earth than traditional telecommunications satellites. This means they take less time to send and receive information, leading to better and faster broadband service, even in rural, remote and northern areas. A memorandum of understanding foresees the Canadian government committing up to CUS$600 million over 10 years for"privileged access" to the satellite network and to help deliver CUS$1.2 billion in affordable high-speed internet.The privileged access will not be limited to isolated or rural communities, Bains said.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JLC law firm seeks S$32.1m from two companies and their ownerJLC Advisors, the law firm at the heart of Allied Technologies' missing S$33 million funds saga, is seeking to recover from a businessman and his two companies about S$32.1 million, which JLC claims its managing partner Jeffrey Ong Su Aun has 'wrongfully' paid out to. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »