AST SpaceMobile to acquire long-term access to up to 45 MHz of lower mid-band spectrum from Ligado

AST SpaceMobile, Inc.

Binding agreement gives 80+ years usage rights to up to 40 MHz L-Band MSS spectrum in US/Canada plus 5 MHz in 1670-1675 MHz band.
Ligado receives ~4.7M penny warrants (12-month lock-up) and, upon closing, additional ~$550M consideration funded by committed non-recourse loan.
AST SpaceMobile to pay ~$80M annually for spectrum rights and grant Ligado long-term net revenue sharing; closing subject to regulatory approvals and Ligado restructuring.
Definitive documentation expected H1 2025; spectrum paired with AST's planned 850 MHz low-band network to enable peak speeds up to 120 Mbps.

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