I don't think so. I described a situation where we have 12 satellites, eight of which are licensed by Industry Canada and four of which are licensed by other administrations. That situation plays itself out with our competitors as well. They have satellites in orbital locations authorized by a multitude of different administrations, and they, like us, are very careful to comply with all the different regulatory frameworks from those different licensing administrations.
If you get a licence from the Brazilian regulator, well, guess what, you're covering all of Brazil and you have certain public interest obligations. If you have a licence from Industry Canada, same thing; you're covering all of Canada and you have a separate set of R and D obligations, other public interest obligations. It's the same with all these different licensing administrations.
As an operator, a large operator...and I consider ourselves a large operator. I consider Intelsat and SES and Eutelsat larger operators still. All of us take very seriously...these authorizations are the lifeblood of our businesses. It's great to invest $300 million in a satellite and a launch vehicle, but if you lose that ability to make use of an orbital location, you're out of business.
Mr. Garneau referenced the fact that Telesat has been around for 40 years. This is not a new sector. This business has been going on now for decades, and I don't think there's a single instance of an operator, large or small, just flouting a licensing administration's requirements. I can't think of a single one.