Facebook Inc (NASDAQ:FB)’s CEO Mark Zuckerberg is good at his PR skills when it comes to pave way or business. In a recent development, He assured telecom operators that Facebook Inc (NASDAQ:FB) is not a threat to their business and they are the primary entities in the industry who are facilitating the third world countries to have an access to the internet, communication and education.
Facebook Inc (NASDAQ:FB)’s CEO was softening the angry telecom operators who are not happy on Facebook Inc (NASDAQ:FB)’s internet.org project. This project is eyeing to give free internet access, healthcare facilities, education and free messaging to the people in the under-developing countries like India and countries in Africa.
An article on The Wire reported that many telecom players think that Facebook Inc (NASDAQ:FB)’s internet.org will kill their business. People in third world pay these companies to enjoy messaging, calling and internet services. If Facebook Inc (NASDAQ:FB) brings these services to the third world for free, that would mean the end of telecom industry.
Facebook Inc (NASDAQ:FB)’s CEO is not sailing against the wind as he knows the strength of monopoly telecom players have in the third world. Facebook Inc (NASDAQ:FB)’s CEO accepted the fact that telecom companies should be given the credit of putting all the working infrastructure in the third world, without which Facebook Inc (NASDAQ:FB) could not have reached the people.
Facebook Inc (NASDAQ:FB) is working on giving free access to internet to people living in far off areas. The social media giant wants to use high-tech advanced means for this purpose like Satellites, drones. Facebook Inc (NASDAQ:FB) accepts that this project has still a long way to go before its actual implementation.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.