Form 8-K · Current Report · Filed 2025-01-06
AST SpaceMobile Secures Long-Term Spectrum Access in the U.S.
AST SpaceMobile, Inc. announced on January 6, 2025, that it has entered into a binding agreement with Ligado Networks for long-term access to up to 45 MHz of lower mid-band spectrum in the United States for direct-to-device satellite applications. This agreement is expected to enhance AST SpaceMobile's satellite-based cellular broadband network, increasing its subscriber capacity and enabling peak data transmission speeds of up to 120 Mbps across the continental United States. The transaction is subject to the satisfaction of regulatory approvals and other customary closing conditions, with a definitive agreement expected during the first half of 2025.
- Filer
- Ast Spacemobile Inc. ASTS · NASDAQ
- Filed
- Accession
- 0001493152-25-000384
- CIK
- 0001780312
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$23.97
Next session
-4.0%
Since filing
+146.1%
Latest close
$58.98
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Precedent
Previous filings from ASTS reporting the same item, with the next session's move:
Exhibits (1)
About Ast Spacemobile Inc.
Ast Spacemobile Inc. is an innovative telecommunications company focused on transforming mobile connectivity through satellite technology. The company's primary mission is to develop and deploy the first and only space-based cellular broadband network directly accessible by standard mobile phones. This groundbreaking initiative aims to eliminate connectivity gaps in remote and underserved areas worldwide, significantly enhancing global communication networks. Ast Spacemobile Inc. is crucial to sectors like remote communications, emergency services, and developing markets where traditional cellular infrastructure is challenging to implement. With its headquarters in Midland, Texas, the company is at the forefront of marrying terrestrial mobile networks with satellite solutions, marking a significant shift in how broad-area coverage can be achieved. Their endeavor represents a pivotal advancement in the telecommunications industry, likely impacting global connectivity dynamics by extending the reach of mobile network operators beyond conventional terrestrial limitations.
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