AST SpaceMobile shares soar as Verizon deal brings space cellular connectivity
AST SpaceMobile announced on Wednesday a new deal with Verizon to provide direct-to-cellphone service from space starting next year.
This deal aims to bring direct-to-service connection via space to cell phone users “when needed” on Verizon plans, according to AST. It marks an expansion of a partnership between the two companies announced last year, News.Az reports, citing CNBC.
“Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space across the continental United States,” said Abel Avellan, founder at CEO of AST, in a press release.
Terms of the deal were not immediately available.
Avellan said this deal will extend Verizon’s 850 MHz premium low-band spectrum into areas of the U.S. that could get a coverage boost from AST’s space-based broadband offering.
AST said this deal comes after it has proven capabilities through recent tests of its space network. The company bills itself as the “first and only” global cellular network operating in space directly through standard devices that can be used in both commercial and government settings.
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