Canadian government invests $2B in Telesat for high-speed internet amid Starlink concerns.
Canadian Prime Minister Justin Trudeau's government has invested $2 billion in Telesat, a satellite company with major U.S. shareholders, to develop high-speed internet. Critics argue this decision contradicts concerns over Elon Musk's Starlink, which offers faster, cheaper service. They question the rationale behind supporting Telesat, especially given its backing by American hedge funds, instead of prioritizing Canadian interests in high-speed internet access for rural areas.
September 15, 2024
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