Amazon.com Inc. (NASDAQ:AMZN) is one of 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 masts in remote areas across 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 laying costly fiber or fixed wireless links back to its core network. Instead, it will use Amazon Leo’s satellite backhaul to deliver speeds of up to 1 Gbps download and 400 Mbps upload.
Beyond expanding reach, Vodafone will also use Amazon Leo to boost network resilience. This way, the telecom giant will be able to keep emergency and critical services online in the event that fiber links connecting mobile masts are severed. The rollout starts in Germany before expanding to other European markets. Afterwards, Amazon Leo will be deployed progressively across 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 the partnership will contribute $25 billion in Amazon Web Services (AWS) revenue by 2027, up from roughly $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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