Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Amazon's Project Kuiper Teams Up with Vrio to Expand Internet Access in South America

Author: Benzinga Newsdesk | June 13, 2024 03:04am

Vrio companies DIRECTV Latin America and Sky Brasil will use Amazon's satellite broadband network to make internet connectivity available for unserved and underserved communities

Today Vrio Corporation, parent company of DIRECTV Latin America and Sky Brasil, and Project Kuiper, Amazon's low Earth orbit satellite broadband network, announced a distribution agreement to offer fast, affordable internet connectivity in seven countries in South America.

Outside Amazon headquarters in downtown Seattle. From left to right: Rajeev Badyal, vice president of Project Kuiper; Darío Werthein, president of Vrio Corp.; and Panos Panay, senior vice president of Amazon Devices & Services. (Photo: Business Wire)

Vrio plans to use Project Kuiper's network to provide connectivity services to residential customers in Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia through DIRECTV Latin America and Sky Brasil, in accordance with local regulations. This agreement will bring new affordable, high-speed internet connectivity options to an area with a total population of approximately 383 million people, including approximately 200 million people the World Bank estimates are still not connected to the internet.

DIRECTV and Sky will use Project Kuiper's low-latency, high-bandwidth satellite network to bring the benefits of fast and reliable internet to areas that would otherwise be both challenging and prohibitively expensive to serve. With Project Kuiper, the companies will offer nationwide coverage in each country—something that is not practical with traditional connectivity options like fiber optics or fixed wireless that require extensive infrastructure.

Posted In: AMZN