Amazon to invest US$10b in space-based internet system | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

WASHINGTON, July 31 — Amazon says it will invest US$10 billion (RM42 billion) for its planned space-based internet delivery system after winning US regulatory approval to deploy more than 3,000 low-orbit satellites. The US tech giant said yesterday it is moving forward with its Project Kuiper,...

The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. — Reuters pic

The US tech giant said yesterday it is moving forward with its Project Kuiper, one of several systems planned to bring internet to customers without land-based connections. Amazon offered no timetable for the project but said it would begin deployment of its 3,236 satellites after the Federal Communications Commission approved the project.

“There are still too many places where broadband access is unreliable or where it doesn’t exist at all. Kuiper will change that. Our US$10 billion investment will create jobs and infrastructure around the United States that will help us close this gap.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US renters owe US$21.5b in back rent; Republicans offer no eviction relief | Malay MailNEW YORK, July 30 — More than US$21.5 billion (RM91.2 billion) in past-due rent is looming over Americans struggling to make ends meet, global advisory firm Stout, Risius and Ross estimated on Wednesday, as Republicans and Democrats fight over a new Covid-19 relief package. Senate Republicans...
Source: malaymail - 🏆 1. / 86 Read more »

Amazon to invest US$10 bil in satellite broadband planThe technology can provide high-speed internet access in rural or hard-to-serve places around the world. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Goldman Sachs' US$3.9b ‘sweetener’ was defining factor in striking deal with Malaysia | Malay MailKUALA LUMPUR, July 31 — The recent settlement made between the government and US investment bank Goldman Sachs Group Inc was in no way a straight-forward process, where a deal was only made after ‘sweeteners’ were introduced by the latter, reports Bloomberg.  Citing sources who commented...
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19 tanks US economy in second quarter, labour market struggling | Malay MailWASHINGTON, July 30 — The US economy contracted at its steepest pace since the Great Depression in the second quarter as the Covid-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus. The bulk of the historic...
Source: malaymail - 🏆 1. / 86 Read more »

US government to launch 'overwhelming' Covid-19 vaccine campaign by November | Malay MailWASHINGTON, July 31 — The Trump administration anticipates launching a far-reaching promotions campaign by November to encourage Americans to get vaccinated against the coronavirus, contingent on evidence that a successful vaccine will be available roughly by year end, a senior administration...
Source: malaymail - 🏆 1. / 86 Read more »

First dog to test positive for coronavirus in US dies, reports NatGeo | Malay MailWASHINGTON, July 31 — The first dog to test positive for the coronavirus in the United States has died, National Geographic magazine reported, after struggling with symptoms that may be familiar to many of the virus's human sufferers. Buddy the seven-year-old German shepherd became sick in April,...
Source: malaymail - 🏆 1. / 86 Read more »