This comes as a surprise. Alphabet has announced it will be shutting down Loon, a company known for using giant high-altitude balloons & network partnership with global telcos to beam Internet to remote parts of the world.
Loon was spun out as an independent company of Alphabet in 2018. In fact, last July, the company announced it launched a fleet of 35 balloons in Kenya to provide service to subscribers.
Google’s parent company Alphabet shuts down Loon – zdnet.com
Google’s parent company Alphabet will be winding down its internet balloon firm Loon. The firm’s CEO Alastair Westgarth made the announcement on Friday, while pointing out that the company’s demise was due to a lack of willing partners and an inability to build a sustainable business model. “While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business,” he wrote in a Medium blog post.
Link: Google’s parent company Alphabet shuts down Loon
via www.zdnet.com
