Astranis to bring satellite internet to 2 million people in the Philippines next year
Publishing timestamp: 2023-07-11 10:00:01
Summary
Astranis, a San Francisco-based company, has signed a deal to provide dedicated internet service to the Philippines using small, low-cost satellites. The company estimates that up to 2 million people will gain access to broadband internet through this service. The satellite is scheduled to launch in 2024 and will connect hospitals, schools, enterprises, and set up community Wi-Fi centers. Astranis aims to bring internet service to underserved communities globally and has previously launched satellites for Alaska and Peru. The company's unique approach combines the small form factor of satellites like SpaceX's Starlink with the geosynchronous orbit of traditional players. The service in the Philippines is expected to have a low cost and could create economic value of over $100 billion by the end of the decade.
Sentiment: POSITIVE
Keywords: space industry, philippines, technology, breaking news: technology, ast spacemobile inc, breaking news: business, the edge, amazon.com inc, transportation, viasat inc, san francisco, science, business, business news, environment, aerospace and defense industry,
Source: https://www.cnbc.com/2023/07/11/astranis-satellite-internet-coming-to-the-philippines-next-year.html