Mr. Speaker, the government remains in discussion with Telesat on a potential investment in the Lightspeed project. Completion of the government’s investment is dependent on Telesat satisfying a number of conditions, including Telesat successfully concluding agreements with other parties to fully finance the project. Accordingly, none of the government funds referenced in the agreement in principle that was announced on August 12, 2021, have been disbursed.
In the House of Commons on January 30th, 2023. See this statement in context.