AVN 61.87 Decreased By ▼ -0.08 (-0.13%)
BOP 10.30 No Change ▼ 0.00 (0%)
CHCC 136.00 Decreased By ▼ -0.03 (-0.02%)
DCL 9.85 Increased By ▲ 0.10 (1.03%)
DGKC 108.61 Increased By ▲ 0.43 (0.4%)
EFERT 67.99 Increased By ▲ 0.29 (0.43%)
EPCL 32.35 Increased By ▲ 0.60 (1.89%)
FCCL 21.56 Increased By ▲ 0.04 (0.19%)
FFL 13.86 Increased By ▲ 0.23 (1.69%)
HASCOL 13.91 Increased By ▲ 0.05 (0.36%)
HBL 128.03 Decreased By ▼ -1.22 (-0.94%)
HUBC 81.75 Increased By ▲ 0.10 (0.12%)
HUMNL 9.35 Increased By ▲ 0.08 (0.86%)
JSCL 17.46 No Change ▼ 0.00 (0%)
KAPCO 24.55 No Change ▼ 0.00 (0%)
KEL 3.84 Increased By ▲ 0.02 (0.52%)
LOTCHEM 13.14 Increased By ▲ 0.02 (0.15%)
MLCF 36.86 Increased By ▲ 0.32 (0.88%)
OGDC 113.81 Decreased By ▼ -0.15 (-0.13%)
PAEL 35.51 Increased By ▲ 0.23 (0.65%)
PIBTL 11.82 Increased By ▲ 0.12 (1.03%)
PIOC 91.55 Increased By ▲ 0.25 (0.27%)
POWER 10.04 Increased By ▲ 0.10 (1.01%)
PPL 100.21 Decreased By ▼ -0.25 (-0.25%)
PSO 183.50 Increased By ▲ 0.25 (0.14%)
SNGP 53.91 Decreased By ▼ -0.09 (-0.17%)
STPL 11.86 Increased By ▲ 0.15 (1.28%)
TRG 56.07 Increased By ▲ 0.20 (0.36%)
UNITY 13.24 Increased By ▲ 0.45 (3.52%)
WTL 1.58 Increased By ▲ 0.03 (1.94%)
BR100 4,160 Decreased By ▼ -24 (-0.58%)
BR30 21,303 Decreased By ▼ -186 (-0.87%)
KSE100 40,030 Decreased By ▼ -136 (-0.34%)
KSE30 17,297 Decreased By ▼ -128 (-0.73%)
COVID-19 TOTAL DAILY
CASES 283,487 842
DEATHS 6,068 16
Sindh 123,246 Cases
Punjab 94,223 Cases
Balochistan 11,835 Cases
Islamabad 15,214 Cases
KP 34,539 Cases

WASHINGTON: Amazon says it will invest $10 billion for its planned space-based internet delivery system after winning US regulatory approval to deploy more than 3,000 low-orbit satellites.

The US tech giant said on Thursday it is moving forward with its Project Kuiper, one of several systems planned to bring internet to customers without land-based connections.

Project Kuiper aims to deliver satellite-based broadband services in the United States, and eventually around the world, and may offer connectively for wireless carriers and 5G networks.

Amazon offer no timetable for the project but said it would begin deployment of its 3,236 satellites after the Federal Communications Commission approved the project.

"We have heard so many stories lately about people who are unable to do their job or complete schoolwork because they don't have reliable internet at home," said Amazon senior vice president Dave Limp.

"There are still too many places where broadband access is unreliable or where it doesn't exist at all. Kuiper will change that. Our $10 billion investment will create jobs and infrastructure around the United States that will help us close this gap."

Project Kuiper seeks to deliver high-speed broadband service to places beyond the reach of traditional fiber or wireless networks, including disaster relief. It will be aimed at individual households, as well as schools, hospitals, businesses and other organizations.

An Amazon statement said the project also aims to "deliver an affordable customer terminal that will make fast, reliable broadband accessible to communities around the world."

Kuiper is one of several projects to deliver internet from space begun over the past decades. Elon Musk's SpaceX and British-based OneWeb, which filed for bankruptcy earlier this year, are working on similar projects.