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Loon Wounds Down Business Globally, Discontinues Project In Kenya

BY Soko Directory Team · January 22, 2021 09:01 am

KEY POINTS

Loon LLC is being wound down as a company, globally. Loon was meant to provide 4G/LTE coverage using floating cell towers.

The technology pilot with Loon will be coming to an end on March 1, 2021, following the announcement that Loon LLC is being wound down as a company, globally.

The intent of the Loon technology pilot was to help bridge the digital divide through the provision of 4G/LTE coverage using floating cell towers, in areas that were difficult to access and connect via terrestrial solutions, as well as in areas that were not commercially viable for service providers.

“Loon would not have been possible without a community of innovators and risk-takers who were willing to take a chance on us and build something the world has never seen before. While we’re sad to share that Loon’s journey is coming to an end, we are grateful to the Telkom team for their vision and partnership,” Loon’s CEO, Alastair WESTGARTH said.

Loon will continue to provide service with Telkom in Kenya until March 1, this year. Over the coming months, the Loon team will work closely with Telkom to ensure the operations of the technology’s pilot service are wrapped up safely and smoothly.

“Telkom believes in taking bold decisions. It was very exciting, therefore, to partner with like-minded pioneers in the adoption and usage of innovative technologies such as Loon, with the aim of filling in the Internet access gaps in areas that were difficult to service. Their vision – to connect unconnected and under-connected communities by inventing and integrating audacious technologies – sat well with our mission, to provide the best value for a simpler life, efficient business, and stronger communities,” Telkom Kenya’s CEO, Mr. Mugo KIBATI said.

“Telkom remains cognisant of the integral role our core terrestrial network plays in keeping our customers connected. We continue with our long-term terrestrial network expansion plan, which is informed by our overall company strategy, which will see us scale up to 80% of our network to 4G, increase our network footprint across the country, and get more Kenyans online.”

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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