Amazon.com Inc. (NASDAQ:AMZN) is one of the The best blue-chip stocks to buy for the long term.. On March 2, Amazon Leo, Amazon.com Inc.’s (NASDAQ:AMZN) low-Earth orbit satellite broadband network, signed an agreement with Vodafone and its African subsidiary Vodacom to connect 4G and 5G mobile antennas in remote areas of Europe and Africa. The announcement was made at the Mobile World Congress in Barcelona.
The deal allows Vodafone to deploy mobile base stations in hard-to-reach areas without laying expensive fixed wireless or fiber links to its core network. Instead, it will use Amazon Leo satellite backhaul to offer download speeds of up to 1 Gbps and upload speeds of 400 Mbps.
Beyond expanding reach, Vodafone will also use Amazon Leo to boost network resilience. In this way, the telecommunications giant will be able to keep critical and emergency services online in the event that the fiber links connecting the mobile antennas are cut. The launch begins in Germany before expanding to other European markets. Amazon Leo will then be progressively rolled out in Africa through Vodacom. Both companies expect the first connected mobile sites to go live in 2026.
Separately, on March 1, Wolfe Research maintained an Outperform rating on Amazon with a $250 price target. The firm argued that Wall Street is significantly underestimating the commercial value of Amazon’s partnership with Anthropic. Wolfe projects that the partnership will contribute $25 billion in Amazon Web Services (AWS) revenue by 2027, up from about $3.9 billion in 2025.
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Amazon.com Inc. (NASDAQ:AMZN) operates a global e-commerce platform that sells a wide range of consumer products and digital content, while also providing third-party marketplace services. The company’s main business segments include online retail, cloud computing through AWS, subscription services such as Prime, and advertising.
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