🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

SpaceX rolls out Starlink with One NZ after it ditches Vodafone name

Published 03/04/2023, 14:14
Updated 03/04/2023, 14:43
© Reuters SpaceX rolls out Starlink with One NZ after it ditches Vodafone name
VOD
-

Proactive Investors - Vodafone’s freshly rebranded New Zealand arm, One NZ, has landed a deal with Elon Musk’s SpaceX to roll out full mobile coverage to the country in 2024.

Using Starlink satellites, One NZ will aim to bring coverage to the country's entire landmass, up from just 50% currently, according to chief executive Jason Paris.

“This will end black spots and keep you, your family and your business safer,” Paris tweeted on Monday, unveiling the partnership as Vodafone (LON:VOD) was rebranded.

Starlink, which is made up of around 4,000 satellites in low-Earth orbit, is operated by SpaceX and can bring mobile and broadband coverage to rural areas otherwise not covered.

It aims increase this into the tens-of-thousands in the coming years, though is due to be rivalled by Amazon.com Inc (NASDAQ:AMZN), which is looking to launch over 3,000 of its own satellites to provide coverage.

Starlink has already been rolled out to remote areas in the UK, including the North Yorkshire Moors and Snowdonia National Park, under a government trial, and is also available in Europe and much of North America.

Paris added that by dropping the Vodafone name, One NZ now had more money to invest in the technology, which he said would be made available to anyone in an emergency.

It follows a similar deal made between SpaceX and T-Mobile last August to cover areas in the US, Hawaii, Alaska and Puerto Rico.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.