Google has shaken up the market for fast Internet service in parts of the United States by offering or planning fiber-to-the-home in Kansas City and 11 other cities. Its reported entry into the satellite Internet business could do the same globally—by providing increased competition and better service than existing satellite technologies.
This week the Wall Street Journal reported that Google will spend more than $1 billion to launch a fleet of 180 satellites. The project, the paper reports, is being led by two executives with satellite startup O3b Networks, which Google helped fund in 2010. Neither company would comment on the plan Tuesday.
Presumably, they have the tacit approval of the PTB? To read more, click here.