10-01-2017 14:28 via telecoms.com

Google set to sell satellite business and cool connectivity ambitions

Google is reportedly continuing its retreat from the connectivity segments via talks to sell its Skybox Imaging satellite business.
Sources close to the deal have commented to Bloomberg that execs at holding company Alphabet are currently in discussion with Planet, a satellite imaging start-up, to take Skybox off its books in an equity transaction. Alphabet acquired Skybox is a deal believed to worth in the region of $500 million three years ago, though the equity deal will see its finger r
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