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
Burkina Faso pilots AI-based video system for traffic enforcement Cameras detect offences, issue fines via integrated digital...
Zimbabwe launches pilot for digital land title system Platform digitizes records to reduce fraud, disputes, losses Initiative aims to...
Burkina Faso launches Lanaya, e-BDT to digitize Treasury services Platforms enable online procedures, payments, and real-time tracking Move...
Inwi, China Mobile partner to deploy Morocco’s first private 5G Network to serve 52-hectare industrial site in Nador Project supports...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
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.