Telecom

HapsMobile invests $125 mln in Alphabet’s Loon project

HapsMobile invests $125 mln in Alphabet’s Loon project
Friday, 26 April 2019 17:15

HapsMobile, a subsidiary of Japanese holding SoftBank Corp, announced on April 24, 2019, the signature of a long-term partnership with Loon, Alphabet Inc’s unit that uses floating balloons to bring connectivity to remote areas around the world.

Via this partnership, HapsMobile will invest 125 million in Loon, which should later invest the same amount in HapsMobile later.

HapsMobile’s interest in Loon was spurred by the similitude of both parties’ activities. Indeed, Loon uses balloons to bring connectivity to remote areas while HapsMobile has developed Hawk 30, a stratospheric drone that could be used as mobile telecom station, to supply connection to remote areas.  

HapsMobile took the opportunity of this partnership to unveil its Hawk 30, a 78-meter drone powered by ten solar-powered propellers. Similar to Facebook’s "Aquila", it can remain in the stratosphere for months without stopovers.  

According to Alastair Westgarth, Loon’s CEO, this partnership is an “opportunity to develop an entire industry, one which holds the promise to bring connectivity to parts of the world no one thought possible. This is the beginning of a long-term relationship based on a shared vision for expanding connectivity to those who need it.

Loon already operates in Kenya where telecom operator Telkom adopted its solution to reach rural areas.

On the same topic
Nokia extended its agreement with Vodafone to supply next-generation radio access network (RAN) equipment under a five-year investment program spanning...
The Ghanaian government and Nokia are exploring a partnership to strengthen the country’s digital infrastructure and prepare for 5G...
WHO and the EU announced an €8 million partnership to expand the Global Digital Health Certification Network (GDHCN) across sub-Saharan...
The project is part of a $100 million digital transformation program. It aims to expand 4G access and bridge the urban–rural connectivity...

Most Read
01

• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...

World Bank Revises Up 2025 Forecasts for Four WAEMU Countries, Amid Falling Inflation
02

Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...

With 40% of Its Cocoa Traceable, Côte d’Ivoire Faces a Race to Meet New E.U. Standards
03

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...

AfDB, BOAD join forces to expand financing for West Africa projects
04

IFC will provide up to $40 million to Banque Islamique du Sénégal (BIS) under a Mourabaha agr...

IFC Lends $40 Million to Senegal’s Islamic Bank to Triple SME Loans
05

51 partnership agreements signed at the 2025 edition of the forum Investments span energy, tr...

Senegal Investment Forum Secures $23.5bn in Commitments
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.