With regard to the government’s announcement on September 13, 2024 to provide Telesat with a $2.14 billion loan: (a) how many households has Telesat committed to connecting with high-speed internet, service specifically as a result of the $2.14 billion, and by what date will the households be connected; (b) what are the complete details of financial penalties, if any, for not connecting the number of households agreed to in the funding agreement; (c) of the households that will receive high-speed internet in (a), what is the number of households that will receive (i) upgraded broadband services, (ii) new broadband services; (d) of the households in (a), what is the breakdown in each province and territory; (e) what is the government’s current equity stake in Telesat in terms of value, percentage of equity, and number of shares, as well as the details of each equity transaction since 2015, including the (i) date, (ii) total price or amount, (iii) type of transaction (bought or sold), (iv) number of shares or percentage of equity, (v) share price, if applicable; (f) what specific communities will Telesat Lightspeed “expand Internet and 5G networks” to, as stated in the press release released by the prime minister’s office; (g) of the jobs that will be created from the agreement, how many are (i) direct, (ii) indirect; (h) of the jobs in (g), how many are (i) full-time, (ii) part-time, (iii) temporary, (iv) contract; (i) what are the terms and conditions of the loan repayment, including the (i) amount to be repaid, (ii) maturity rate, (iii) interest rate, (iv) amortization rate, (v) repayment schedule; (j) what was the equity valuation of Telesat LEO determined by the government (i) at the time the loan agreement was signed, (ii) on September 13, 2024; (k) what was the equity valuation of Telesat Corporation determined by the government (i) at the time the loan agreement was signed, (ii) on September 13, 2024; and (l) was the Minister of Rural Economic Development present at the announcement, and, if not, why not?
In the House of Commons on November 1st, 2024. See this statement in context.