Starlink, the high-speed satellite internet provider owned by entrepreneur Elon Musk, has secured two contracts in Mexico worth up to a maximum of $192.2 million with the state-owned company CFE Telecomunicaciones e Internet para Todos. The aim of the contracts is to provide internet and mobile services in various rural areas of Mexico, as reported by Axis Negocios.

Mexican President Andrés Manuel López Obrador has celebrated the agreement, stating that it will allow internet access to almost the entire population of the country by next year. “Next year, we will have almost total internet coverage throughout the country, and this is very important,” López Obrador said.

The contracts stipulate that Starlink will provide its low Earth orbit satellite services, which offer lower signal latency and faster data transfer. Carlos Emiliano Calderón, Coordinator of the National Digital Strategy of the Mexican Presidency, described this service as cutting-edge and one of the most advanced in the field. It has been contracted to provide a much faster response to connectivity nationwide, as promised.

The agreement between Starlink and CFE represents a significant step for the Mexican government in its goal of providing high-speed internet to the entire population. With its extensive experience in deploying satellite internet networks and advanced technology, the American company could help close the digital divide in Mexico.