(Reuters) — Amazon on Thursday confirmed its plan to build a network of over 3,000 satellites through “Project Kuiper” to provide high speed internet.

The project will launch a constellation of low-Earth orbit satellites that will provide low-latency, high-speed broadband connectivity to people globally who lack basic access to broadband internet, the company said.

Details of the project were filed with the United Nation’s International Telecommunication Union last month.

Amazon’s satellite project faces stiff competition from similar ventures from billionaire entrepreneur Elon Musk’s rocket company SpaceX and Airbus-backed OneWeb among others. In February, OneWeb .

Companies such as SpaceX, LeoSat Enterprises and Canada’s Telesat are working to enable data networks with hundreds or even thousands of tiny satellites that orbit closer to Earth than traditional

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