Amazon

India’s Bharti Airtel partners with Amazon to grow cloud business

FILE PHOTO: A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi/File Photo

NEW DELHI (Reuters) – Bharti Airtel Ltd and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm’s cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday.

Airtel Cloud currently provides data centre and cloud services to companies and governments via different partnerships.

“AWS with the depth and breadth of our platform, and Airtel with its deep reach and expertise and focus, I think together we can build a set of really differentiated cloud products and go serve customers at scale in India,” Puneet Chandok, President, India and South Asia at Amazon Internet Services told a virtual news conference.

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Amazon starts preparations to launch in Sweden

FILE PHOTO: An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, U.S., April 22, 2020. REUTERS/Kevin Mohatt/File Photo

(Reuters) – Amazon.com Inc has started preparations to launch in Sweden, marking its first step to establish a local presence in a Nordic country.

Swedish customers can already shop on Amazon through its websites in other European countries such as Germany, and get their purchases shipped to the country, but this often meant paying high delivery charges.

“We are optimistic that, by focusing on the things we believe customers will place the greatest emphasis on – low prices, a wide range and fast deliveries – we will eventually be able to win the trust of Swedish customers,” Alex Ootes, vice president for EU Expansion at Amazon, said on Tuesday,

The Swedish website amazon.se was still directing customers to amazon.de with an option to deliver to Sweden. Amazon

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Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan

WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) said on Thursday it will invest more than $10 billion to build a network of 3,236 satellites that will provide high-speed broadband internet services to people around the world who lack such access.

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol

The announcement follows the Federal Communications Commission’s approval of the plan, called “Project Kuiper”, for the constellation of low-Earth orbit (LEO) satellites that will compete with the Starlink network being built out by Elon Musk’s SpaceX. It also comes on the heels of Amazon posting its biggest profit in its 26-year history. [nL3N2F15PH]

“A project of this scale requires significant effort and resources, and, due to the nature of LEO constellations, it is not the kind of initiative that can start small. You have to commit,” the company

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Amazon posts biggest profit ever at height of pandemic

(Reuters) – Amazon.com Inc (AMZN.O) on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.

FILE PHOTO: An Amazon sign stands in a parking lot outside of an Amazon warehouse as the outbreak of the coronavirus disease (COVID-19) continues in the Staten Island borough of New York U.S., May 1, 2020. REUTERS/Lucas Jackson

Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade.

While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people in recent months and saw demand for its services soar. The company said revenue jumped 40% from a year earlier to $88.9 billion.

Amazon had forecast it might lose money in the just-ended second quarter because it expected to spend some $4 billion on protective equipment for staff and other expenses

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