Facebook’s strategic move to acquire Titan Aerospace will help offer better internet connectivity even to the most deprived part of the world. The plan is to help the developing countries, which still don’t have access to the internet.
The first target continent is going to be Africa. Facebook is planning to invest $60 million for this purpose. The final outcome is going to be solar powered drones – some atmospheric satellites that can fly high for five years without needing to refuel or land.
Facebook’s Gain With Titan Aerospace Alliance
Facebook is a networking company. Its existence will be at a stake if there is no internet. Drones, which are smart unmanned aerial vehicles, will be at 60,000 feet. The cheaper aircrafts will have high solar power absorption quality and most of the functional abilities of an orbital satellite. At this point of time, Facebook has its eye on the satellite because of its ability to support of online communication.
If Facebook is planning for a million dollar long term investment and technological integration, that’s purely because the company wants to expand and redefine its business model. From Facebook’s point of view, the technological integration might help the company to come up with more innovative product ideas and help customers enjoy a social networking site with better creative options.
In some parts of the world, people are still not aware of the name of Facebook. They still have no exposure to the idea of social networking or online communication. They’re deprived of the privileges of fast and convenient communication. Even these people have no idea of how networking through Facebook can be brilliant for their business. So, from this perspective, the idea of helping these people with internet connectivity can be a breakthrough. That way these people will be connected to a free online communication zone and also be a part of Facebook’s social networking family.
Seems like Facebook’s new acquisition is going to be highly beneficial for the company’s “Internet.org” project. With Titan Aerospace’s technical expertise to produce near-orbital satellite, Facebook will now reach billions of new consumers residing in some developing countries. The long term benefit will be an additional customer base. Billions of new users will be added to Facebook’s networking business. Gradually over time, its ad revenue will also see an additional boost as a result.
So, Facebook’s share will see a hike as the deal surely paves its path to success. Facebook is in the mood of expansion. This new investment is going to increase its business horizon. The Technical expertise of building inexpensive energy efficient satellites of Titan Aerospace appeals to the world. As per Titan, its new aircrafts can be expected to be operational within a year.