China's Starlink rival agrees deal to enter Brazilian market

Telefonica Brasil, SA

20/11/2024 12:43

BEIJING, Nov 20 (Reuters) - China's low earth orbit
satellite company that hopes to challenge Elon Musk's Starlink
signed an agreement to enter the Brazilian market on Wednesday,
the company said on Wednesday.
    SpaceSail signed a Memorandum of Understanding (MOU) with
Brazilian telecommunications firm Telecomunicacoes Brasileiras
S.A.  TELB4.SA  to provide satellite communications and
broadband Internet services to the Latin American country.
    The MOU is one of many that will be signed during China's
President Xi Jinping's state visit to Brasilia, where he will
hold meetings with Brazil's President Luiz Inacio Lula da Silva.

 (Reporting by Eduardo Baptista, Yukun Zhang and Ethan Wang;
Editing by Louise Heavens)
 ((Ethan.Wang@thomsonreuters.com;))