I must have missed something along the line here. This press release talks about putting a satellite into space for the purpose of mobile phones and broadband coverage like this is a new concept? Last time I checked, satellite phones and satellite broadband were old news.
Upon reading into this further, it turns out it differs on size and coverage provided. So this is not a traditional sort of satellite — rather one that could ensure that traditional cell phone coverage issues may one day be a thing of the past. Cool, but how would this affect the rates? Again, regular Sat phones have been around for eons… however, they are quite pricey to use.
But none of that is as relevant as the news that this satellite might be used to provide broadband Internet for people living out of range for traditional broadband services! Wait, what? Last time I checked, satellite sucks due to latency issues. Has this been cleared up? I doubt it.