Telesat has been in business and providing services around the world for about 50 years, and our model, as Ms. Cooper highlighted, is a little bit different. We're not providing a direct-to-consumer solution. We're working as we have for decades with telephone companies, ISPs, municipalities and the like.
What is helpful for Telesat about that commitment from the government is that it provides us with sort of an anchor customer here in Canada, which is useful as we're obtaining the financing to build out our system. I mentioned in my testimony that this investment we're making is a multi-, multi-billion dollar investment, the biggest investment Telesat has ever made, and we've already invested billions of dollars in our satellite fleet.
Our lenders, as you can imagine, want to make sure that we're going to be in a position to pay them back, so having a committed contract like that with the Government of Canada with a sovereign user is helpful as we get our financing in place.
I would also note that it's a great deal for the government. They have a big country to connect up. We agreed to provide 140 gigabits of very high-capacity, low-latency, very reliable services at an extraordinarily low cost, multiples lower than what exists in the market today. So it's a good deal for the government, but it was helpful for Telesat too as we get this massive investment financed.