Amazon.com Inc. (NASDAQ: AMZN ) is one of them Best blue chip stocks to buy for long term. On March 2, Amazon Leo, Amazon.com Inc.’s ( NASDAQ:AMZN ) low-earth-orbit satellite broadband network, signed a deal with Vodafone and its African subsidiary Vodacom to connect 4G and 5G mobile masts in remote areas of Europe and Africa. The announcement was made at Mobile World Congress in Barcelona.
The deal allows Vodafone to deploy mobile base stations in hard-to-reach areas without deploying expensive fiber or fixed wireless links back to its core network. Instead, it will use the Amazon Live satellite backhaul to deliver 1 Gbps download and 400 Mbps upload speeds.
Beyond expanding reach, Vodafone will also use Amazon Live to improve network flexibility. That way, the telecom giant will be able to keep emergency and critical services online in the event that fiber links to mobile masts are down. The role is starting in Germany before expanding to other European markets. Later, Amazon Live will be gradually rolled out in Africa through Vodacom. Both companies expect the first connected mobile sites to go live in 2026.
Separately, on March 1, Wolf Research maintained an Outperform rating on Amazon with a $250 price target. The company argued that Wall Street significantly underestimated the business value of Amazon’s partnership with Anthropic. Wolf 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 major business segments include online retail, cloud computing through AWS, subscription services such as Prime, and advertising.
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