The UK Space Agency unveiled its plans on Friday to collaborate with space tech companies Clyde Space and Outernet to provide super-cheap Internet access worldwide. “It not only demonstrates a meeting of the minds on the importance of information access, but shows that there can be very concrete economic windfalls from doing enormous good in the world”, said Outernet’s CEO, Syed Karim, in a news release.

Efforts will be made by British satellite manufacturer Clyde Space along with its two new partners to supply the palm-sized CubeSats that will stay in low-Earth orbit. This will allow beaming data to handheld devices on the ground.

Chicago-based Outernet is confident about the success of its plans to have 24 satellites up by 2016 in order to demonstrate the system. CNBC has reported that Bigelow Aerospace has designed an inflatable habitat that can be put into use in space. The company’s founder Robert Bigelow has claimed that he has spent $275 million to research, build and test expandable living areas for outer space.

NASA is so impressed with the inflatable module, called the Bigelow Expandable Activity Module (BEAM), that it agreed to pay $18 million to try it on the International Space Station. The module will be sent to the space station aboard SpaceX’s spacecraft in September.