AMG
Herald
Facebook has scrapped its previously unknown plans to build a satellite, according to a report by Amir Efrati in The Information.
The satellite, had it been built, could have cost an estimated $500 million. The plan was to use it to help provide cheap internet access in the developing world. But this pricetag was apparently prohibitive, and the scheme has since been abandoned, before it was ever even announced.
http://telecom.economictimes.indiat...e-cheap-internet-to-developing-world/47598651
The satellite, had it been built, could have cost an estimated $500 million. The plan was to use it to help provide cheap internet access in the developing world. But this pricetag was apparently prohibitive, and the scheme has since been abandoned, before it was ever even announced.
http://telecom.economictimes.indiat...e-cheap-internet-to-developing-world/47598651