No, for two reasons. First, the system currently doesn't exist. That's something they're considering offering later. Second, every person must have an antenna, a set-up box and installation, which costs roughly $500. All francophones who now watch analog television, that is 7,000 or 12,000 persons, would have to spend at least $500 for that installation. The freesat system doesn't exist for the moment, and I don't know whether it can be set up on time or the Olympic Games.
Evidence of meeting #20 for Official Languages in the 40th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was broadcast.
A recording is available from Parliament.