Satellite Internet Venture would Cover SE Asia

A plan to incubate a Low Earth Orbit (LEO) satellite Internet venture based in Malaysia has been announced by Greenpro Capital Corp. that would cover the Southeast Asia region.

"We are motivated by the potential to bring internet connectivity to rural areas and help provide the infrastructure to drive e-commerce transactions and development along with cloud-based data-centers for the economies in the ASEAN region."

Greenpro CEO Dr. CK Lee.

The LEO Satellite Internet venture has secured partnerships with global technology collaborators, local universities and a state government. It plans to deploy a constellation of LEO satellites and launch the first test satellite in the coming months.

This LEO Satellite venture is to provide internet access to areas and places where traditional internet connectivity is scarce. The total population of Southeast Asia countries (ASEAN) as of 2020 stands at over 668 million. Of this entire population, approximately 335 million people are located in rural areas who have inadequate internet access.

"We are motivated by the potential to bring internet connectivity to rural areas and help provide the infrastructure to drive e-commerce transactions and development along with cloud-based data-centers for the economies in the ASEAN region," said Greenpro CEO Dr. CK Lee. "We will be working closely with SEATech Ventures Corp to move this strategic venture forward."

Headquartered in Kuala Lumpur, Malaysia, SEATech Ventures Corp. aspires to nurture and incubate emerging growth technology companies in Southeast Asia that aim to become tomorrow's Asia unicorns. SEATech is an incubation platform which pools together talents that are equipped with technical, market developmental and financial expertise. The company provides mentoring and consultancy on growth strategy through business combination and integration for companies to expand their business across Asia.

Headquartered in Kuala Lumpur, Malaysia with strategic offices across Asia, Greenpro Capital Corp. is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSX, a licensed crypto exchange for Securitized Token Offerings "STO's", health and wellness and fine art.

Currently, SpaceX, OneWeb and Amazon are all working towards providing LEO satellite Interent services. The SpaceX Starlink service seems to be closest to operability, with Beta testing open to potential users in many areas of the United States. OneWeb has launched multiple satellites, while Amazon's Kupier is still in the development stage.

(Source. Greenpro Capital news release. Starlink Satellite image from file)