OnwWeb company is joining forces to put thousands of Internet satellites into orbit, offering Web access to remote locations that don’t currently have it.

If that sounds familiar, that’s because Facebook (together with a group of big-name tech firms), and Google (Project Loon) are also working toward similar goals.

To make the project happen, the two companies will be investing heavily in satellite Internet firm OneWeb Ltd. – possibly familiar to some by its former name of WorldVu Satellites.

According to the International Telecommunications Union, more than 50 percent of the world’s population is currently without Internet access. The initial array of nearly 650 micro satellites is intended to provide “low-latency, high-speed Internet access directly to small user terminals deployed around the world,” OneWeb said in a release.

 Dailytechinfo.org