Amazon's satellite internet initiative, Amazon Leo, announced its first African agreement. It partnered with Herotel, South Africa's largest fixed wireless internet provider.
The partnership will launch a satellite internet service named 'evry'. Commercial availability is expected in 2027. The service aims to provide connectivity to millions in rural and underserved areas of the country.
This expansion aligns with Amazon's continued heavy investment in long-term growth projects. These include extensive AI and cloud infrastructure build-outs for its AWS division.
Amazon's significant capital expenditures remain a key discussion point for investors. This move highlights another area of potential future growth beyond its core retail and cloud computing businesses.