A new company will launch this week that will provide internet service for free, using its own servers, according to a report from The Wall Street Journal.
This is a move that could allow internet users to connect to the internet from anywhere in the world for a fraction of the cost of traditional internet service providers.
The new company, called Ola, is reportedly planning to launch in India this week, and it is likely to compete with Google Fiber, a $70 billion cable and broadband company in the United States that operates fiber optic networks in some markets.
The Ola network will offer speeds of up to 1 gigabit per second (Gbps), which is faster than Google Fiber.
But unlike Google Fiber in the US, Ola will not offer free internet access.
Rather, OLA plans to charge a monthly fee of $70 per subscriber.
A $70 monthly fee, or $70 a month, is cheaper than Google’s current $70/month cost for Google Fiber subscribers.
Ola says it has raised more than $10 million in venture capital funding from prominent investors including Andreessen Horowitz, Lightspeed Venture Partners, Andreessen Capital, SV Angel, and Kleiner Perkins Caufield & Byers.
The company’s website says it will open up access to its service in “major cities, including New York, London, Sydney, and Tokyo.”
But the company has said it plans to operate in less developed regions, like India.
Oli, Oala’s founder and chief executive, said in a statement that Ola’s business model will be to offer internet access to people who want it, rather than to “make money off it.”
Ola is already offering internet access for free in India.
It recently partnered with India’s telecom company Reliance Communications to provide internet access in the country for a week.
OLA has been criticized by Internet service providers and others who say it violates net neutrality rules, which prohibit the blocking or throttling of internet traffic.
OTA and Ola are both privately held companies.
Ota is currently valued at $10 billion, while Ola has raised $3 billion.
Olta and OLA will both work on a similar project, called Lifeline, which is aimed at bringing internet service to people in remote areas, according the Wall Street Journal.
The two companies are currently in talks to merge their companies, which are both backed by Andreessen.