Google satellite project to expand Internet access


Google (GOOG, GOOGL) is planning to extend Internet access to the unwired regions of the world via satellite, in an effort to add new Internet users, and boost revenue and earnings.

The new project's estimated price ranges from $1B-$3B, and will start with 180 small, high-capacity satellites orbiting Earth at low altitude.

Google's previous projects to extend connectivity involved high-altitude balloons and solar-powered drones.

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Comments (3)
  • leole
    , contributor
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    I am a contrarian investor. I believe in strong fundamentals of a company to back up its price. I also believe in buy low and sell high instead of buy high and sell higher or short low and buy lower
    2 Jun 2014, 05:12 AM Reply Like
  • Clayton Rulli
    , contributor
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    Thanx for the update sparky
    2 Jun 2014, 07:39 AM Reply Like
  • tslacara
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    LOL
    2 Jun 2014, 09:24 AM Reply Like
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