Titan Aerospace might sell their drone business to Facebook for around $ 60 mil. Facebook is interested about the wireless internet facility that these drones can have to be able to offer internet access to clients in countries where the telecom infrastructure is not developed yet. TechCrunch blogged about this on Monday.
Facebook and Titan declined to comment.
The effort would help advance Facebook’s Internet.org effort, aimed at connecting billions of people who do not currently have Internet access in places such as Africa and Asia.
Titan is developing a variety of solar-powered drone according to their website, with initial commercial operations slated for 2015. The drones, which fly at an altitude of 65,000 feet (20 km) and can remain aloft for up to five years.
Facebook is interested in having Titan build 11,000 of its Solara 60 model drones for its Internet.org project, according to the TechCrunch report.