AST SpaceMobile Announces Major Commercial Agreement with STC

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announced a significant commercial agreement with Saudi Telecom Company (STC) to enable direct-to-device satellite mobile connectivity across Saudi Arabia and key regional markets. As part of the agreement, STC committed to a prepayment of $175 million and made a long-term commercial revenue commitment. AST SpaceMobile plans to build three ground gateways in Saudi Arabia and establish a Network Operations Center in Riyadh to support network operations and service quality. The commercial services are anticipated to launch during the fourth quarter of 2026, pending regulatory approvals.

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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.