Amazon acquires Facebook’s satellite internet team: Report

E-commerce major Amazon has acquired Facebook’s satellite internet team, comprising more than a dozen experts as it eyes satellite broadband roll out in the United States and abroad, The Information reported on Tuesday citing a Facebook spokesperson who confirmed the development.

The deal bolsters Amazon’s $10 billion effort to develop low-earth orbit (LEO) satellites capable of delivering high-speed broadband internet.

This will also enable it to compete neck-and-neck with the likes of Elon Musk’s SpaceX and its Starlink network, Bharti Global-backed OneWeb, and Europe’s Eutelsat.