Facebook Drops its Plan to Build Satellite for Internet Access

Facebook has reportedly scrapped its plan to build a satellite that would have been used to provide cheap Internet access to developing nations. Due to the prohibitive cost (an estimated $500 million), the social giant has abandoned a plan that was never formally announced. However, if it decides to move forward, leasing a satellite from another provider could be an option. “Facebook has been exploring ways [to expand] Internet access — and along with it, access to its products — in emerging markets,” reports Business Insider. “One of the key ways is Internet.org, a Facebook-led initiative involving multiple companies to subsidize data costs in certain countries.”

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