LONDON — Six years after emerging as a Google X project, stratospheric-balloon-connectivity provider Loon this year became a full-fledged company with its own management and balance sheet.

Loon LLC has won its first commercial contract, with Telkom Kenya, a geographically friendly inauguration of long-duration telecom coverage from a fleet of balloons at between 15 and 20 kilometers in altitude.

Max Kamenetsky, senior project manager at Loon, outlined the Loon business case and the lessons learned over six years about stratospheric winds that enable Loon to sign . . .

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