Ah yes, a satellite network that predates Starlink's announcement and only has 2 satellites in orbit, is going to be competitive with Starlink in 2 years when they launch using SpaceX's Falcon 9 at a for profit rate (edit: and others who are even more expensive than SpaceX)

Their expected bandwidth in the network once complete is 10tbps for all 198 satellites.

The current Starlink network bandwidth is over 350tbps. A single v2 mini dish is 96gbps, and a single Falcon 9 launch adds 2.592 tbps to the network. A single gen 3 satellite if Starship is successful is 1tbps and they'll launch 60 at a time.

Edit: Oh and even better, Telesat is going to try and NOT compete with Starlink, but I wouldn't expect Starlink to stay out of that.

Rather than compete with Starlink, Telesat is focused on being a wholesale satellite connectivity provider, explained Glenn Katz, the company's CCO. Meaning, Telesat will sell its services to carriers, enterprises and others, not directly to consumers like Starlink does.

Edit: i just wanted to add, those gen 3 starlink satellites are designed and ready to go. They just need Starship to work and then they would heavily ramp production.