FCC Approves Amazon’s Ambitious Expansion Of Leo Satellite Constellation

by THEFUTURE.TEAM

February 11, 2026

FCC Greenlights Expansion To 7,700 Satellites

The Federal Communications Commission has approved Amazon’s request to deploy an additional 4,500 low Earth orbit satellites, increasing its planned constellation to approximately 7,700 units. This move is a significant step in Amazon’s strategy to compete with Elon Musk’s SpaceX and its Starlink network.

Accelerating Satellite Launches

The online retail giant Amazon.com has already launched more than 150 satellites since April, using a variety of rocket providers. The company expects to begin delivering satellite internet via its Leo service later this year. Initially announced in 2019, Leo is now in its second generation of orbital systems operating at altitudes of about 400 miles, offering enhanced frequency support and expanded geographic coverage.

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Challenging Deployment Deadlines

The FCC has mandated that 50% of the approved satellites must be launched by February 10, 2032, with the remaining 50% following by February 10, 2035. Additionally, Amazon is under pressure to deploy 1,600 first-generation satellites by July 2026, a deadline for which the company has recently requested an extension to either July 2028 or a full waiver, citing rocket availability issues beyond its control.

Investment And Future Missions

With a reported $10 billion investment in its internet-from-space service, Amazon is positioning Leo to rival SpaceX’s Starlink, which boasts over 9,000 satellites and approximately 9 million customers. The company anticipates an additional $1 billion in capital expenditure for Leo this year and has scheduled over 20 launches in 2026 with plans to increase to more than 30 in 2027. The upcoming mission, set for Thursday via an Arianespace rocket, will deploy another 32 satellites into orbit, complementing 17 further missions booked with the French firm.

As the competitive landscape of satellite internet intensifies, Amazon’s rapid deployment of satellites is a testament to its commitment and capability. With Leo evolving quickly, the race to provide comprehensive global connectivity is entering a decisive phase.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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