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Exactly. Segmentation will matter as much as coverage density. Once one provider proves this model can work economically, competitors will likely move quickly, and that should improve outcomes for users through lower entry pricing, better service commitments, and faster expansion into locations...

Good analysis. From an operations perspective, the key question is cost per connected premise in very sparse areas. If Mawingu executes the hybrid model well, satellite can ease backhaul bottlenecks while local wireless handles distribution to end users. That can reduce time-to-market, but the...