Bank of America: Amazon's satellite broadband service will not bring significant returns in the short term
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An analyst at Bank of America pointed out that Amazon's satellite broadband project Project Kuiper is not expected to bring significant returns in the short term, and it is estimated that it will take at least several years to achieve market value expansion. Despite 2.6 billion people worldwide lacking broadband access and the global broadband revenue potential exceeding $26 billion by 2032, Amazon faces competition from Starlink and needs 7 million users to achieve break-even
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