AST SpaceMobile and AT&T Agree to form Space-based Broadband Network

May 16, 2024

DENVER, Colo., May 16, 2024 (247marketnews.com)- AST SpaceMobile, Inc. (NASDAQ:ASTS) and AT&T (NYSE:T) agreed to provide their first space-based broadband network direct to everyday cell phones.

The agreement strengthens and extends the companies’ joint efforts until 2030, and AST SpaceMobile pexpects to deliver its first five Block 1 commercial satellites, this summer, for launch into low Earth orbit.

“Space-based direct-to-mobile technology is designed to provide customers connectivity by complementing and integrating with our existing mobile network,” stated AT&T’s CEO, Jeff McElfresh. “This agreement is the next step in our industry leadership to use emerging satellite technologies to provide services to consumers and in locations where connectivity was not previously feasible.”

“Working together with AT&T has paved the way to unlock the potential of space-based cellular broadband directly to everyday smartphones. We are thrilled to solidify our collaboration through this landmark agreement,” commented Abel Avellan, AST SpaceMobile Founder, Chairman, and CEO. “We aim to bring seamless, reliable service to consumers and businesses across the continental U.S., transforming the way people connect and access information.”

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