June 21 (Reuters) - Comcast's ( CMCSA ) enterprise
services unit signed a deal with SpaceX's Starlink to provide
satellite-based connectivity to business customers in regions
with limited network access, the global media and technology
firm said on Friday.
WHY IT'S IMPORTANT
The deal is the first of its kind between a network operator
and a satellite network to provide space-based connectivity to
enterprise customers.
The move further cements Starlink's lead in satellite-based
communication networks, ahead of emerging competition from
Amazon.com's ( AMZN ) Kuiper and Viasat ( VSAT ), among others.
CONTEXT
The Elon Musk-led rocket maker operates the largest
constellation of communication satellites and provides internet
connectivity to residential and business customers, largely in
locations with limited or no access to the internet.
Starlink also has a partnership with T-Mobile to
provide its customers with satellite-based connectivity in
locations with no cellular reception.
BY THE NUMBERS
Comcast ( CMCSA ) said in April it had about 2.5 million business
customers for broadband in the United States at the end of the
first quarter, raking in about $2.41 billion in revenue.