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Verizon & Amazon’s Satellite Deal Seemingly Intensifying A Bezos & Musk Clash

By John F. Heerdink, Jr.

Reportedly, Amazon.com Inc. (AMZN) has entered into a deal with Verizon Communications, Inc. (VZ) to link up its planned fleet of satellites, stepping up the rivalry with Elon Musk’s StarLink system. Amazon founder, Jeff Bezos has committed $10 billion to satellite subsidiary Kuiper Systems LLC, which plans to launch 3,236 satellites into low-earth orbit to provide broadband internet access.

The company is now working on ways to explore this so-called “constellation” of spacecraft that could link up to Verizon’s terrestrial telecommunications network and how it can connect to remote areas and businesses. The deal will further intensify the clash between Bezos, the world’s second-richest man, and the world’s richest, Elon Musk, where his Space Exploration Technologies Corp. has sent more than 1,500 low-earth orbit satellites into space, and also competes with Bezos’s Blue Origin on launch technology.

Verizon and Amazon will study technical and commercial models for new services and will study expanding Verizon’s network using Kuiper’s satellite broadband. Verizon and Amazon have collaborated earlier on other communications technology, such as edge computing.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

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(Read Original Story: Amazon Signs Satellite Pact With Verizon in Challenge to Musk in Bloomberg)


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