Ast Spacemobile Inc.
AST SpaceMobile Announces Acquisition of S-Band Spectrum Rights and Share Purchase Agreement
Summary
On August 5, 2025, AST SpaceMobile, Inc. announced entering into a Share Purchase Agreement with CCUR Holdings, Inc. and EllioSat Ltd., to acquire 100% of the equity interests in EllioSat Ltd. for a total consideration of $46.65 million, payable in cash, stock, or a combination. The transaction is expected to close during the second half of 2025, subject to customary closing conditions. Additionally, on August 6, 2025, AST SpaceMobile announced an agreement to acquire global S-Band spectrum priority rights for $64.5 million, to be paid in stock or cash, with $26 million paid at closing and deferred consideration of $38.5 million, partially subject to performance-based milestones.
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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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