Perhaps I was not clear enough earlier. Allow me to clarify.
Regarding Telesat, $85 million was invested through the Strategic Innovation Fund, or SIF. An amount of $600 million was not paid out, but that amount was committed in anticipation of capacity being purchased. The terms of the initial loan date back to 2021. The loan was replaced in 2024, and it now has new terms. The initial amount was not paid out. Repayment of the loan from 2024 will begin in five years.
