- Verizon Communications Inc (NYSE:VZ) and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon.com Inc (NASDAQ:AMZN), collaborated to develop connectivity solutions for unserved and underserved communities.
- Project Kuiper and Verizon have begun developing technical specifications and defining preliminary commercial models for a range of connectivity services for U.S. consumers and global enterprise customers operating in rural and remote locations worldwide.
- Project Kuiper aims to increase global broadband access through a constellation of 3,236 satellites in low Earth orbit (LEO) around the planet.
- Today’s announcement will help us explore ways to bridge that divide and accelerate the benefits and innovation of wireless connectivity, helping benefit our customers on both a global and local scale, Verizon Chair and CEO Hans Vestberg said.
- Price Action: AMZN shares closed higher by 1.68% at $3,376.07 on Tuesday.
Thomson Reuters Q1 Adj. EPS $0.66 Beats $0.61 Estimate, Sales $1.67B Beat $1.66B Estimate
Thomson Reuters (NYSE:TRI) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.61 by 8.2 percent. This is a 13.79 percent increase over earnings of $0.58 per share from the same
