Tyler Durden's picture

Submitted by Tyler Durden on 03/04/2014 13:08 -0500

First it was Amazon, now it’s Facebook’s turn. As was reported previously, hot on the heels of its $19 billion purchase of Whatsapp, Facebook announced the purchase of New Mexico-based Titan Aerospace for $60 million. Who is Titan? It is a maker of solar-powered drones which can reportedly stay airborne for five years and which many have suggested can help Facebook achieve its goal of providing global Internet access, especially in places where the “organic” growth of its audience may be otherwise limited by the lack of infrastructure.

Telegraph reports:

Facebook is in negotiations to buy a drone manufacturer with the aim of using its high-altitude autonomous aircraft to beam internet connections to isolated communities in Africa, according to reports. The social networking company is one of the main backers of the project, which aims to connect the large parts of the world which remain offline.

Today, only 2.7 billion people – just over one-third of the world’s population – have access to the internet, according to Facebook. Other founding members include Ericsson, MediaTek, Nokia, Opera, Qualcomm and Samsung.

Continue reading…