Google satellite project to expand Internet access

|By:, SA News Editor

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.