SM Investments’ Henry Sy Jr. is joining forces with SpaceX’s Elon Musk to launch a nationwide satellite broadband service.
According to Inquirer, Sy’s Data Lake Inc. recently signed an agreement with Musk’s Space Exploration Technologies Corp. (SpaceX), making Data Lake the first Starlink integrator in the Philippines and Southeast Asia.
“With the largest constellation of satellites in orbit, Starlink is a flexible service uniquely capable of providing high-bandwidth, reliable internet to the Philippines, even in times of natural disaster,” says Data Lake Chair Anthony Almeda.
Starlink offers broadband services delivered via its network of over 1,600 low-orbit satellites that can reach remote areas in the Philippines. Monthly fees for commercial coverage will start at USD 99 (roughly Php 5,800).
Last April, Philippine Trade Secretary Ramon Lopez announced that SpaceX was working on its business permit application to operate in the country. Starlink provides high-speed, low-latency broadband internet in over 40 countries.
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