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Three Giants Plus One Potential Giant Betting Big On Satellite Internet

January 26, 2017 By chuck

One of the newer satellite companies, OneWeb, has joined the likes of Google, Facebook, and SpaceX in an attempt to bring Internet access to every corner of the globe. OneWeb has received a $1.2 billion investment Softbank, a Japanese telephone and Internet company with very deep pockets. OneWeb initially raised $500 million from a group of investors including Virgin, Boeing, Coca Cola, Qualcomm and Airbus. These four companies hope to bring high-speed internet service to parts of the world, including some rural areas in the United States, where the cable infrastructure necessary to provide broadband service does not exist because it is not financially feasible to lay cable due to either an insufficient amount of potential customers or because it is just plain prohibitively expensive for a particular area. The problem of lack of fiber optic infrastructure goes far beyond the United States. The continent of Africa is a prime example of a massive area that is severely lacking in the infrastructure needed to provide high speed Internet. So, OneWeb joins Google, Facebook, SpaceX and with a host of smaller companies working on developing the technological advances, mostly based largely on satellite communications, to bring 21st century Internet technology to a large part of the world that currently doesn’t have it. It is estimated that 40% of the world’s population is currently without access to high speed Internet.

Filed Under: News

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