AST SpaceMobile signs 10-yr deal with stc; $175M prepayment for satellite cellular broadband

AST SpaceMobile, Inc.

10-year commercial agreement with Saudi Telecom Company (stc) for direct-to-device satellite mobile connectivity in Saudi Arabia and select MENA markets.
stc commits $175M prepayment in 2025 for future services; long-term revenue commitment included.
AST SpaceMobile to build 3 ground gateways in Saudi Arabia and a Network Operations Center in Riyadh.
Commercial services expected to launch in Q4 2026, subject to regulatory approvals from CST Saudi Arabia and others.
This is the first regional direct-to-device satellite broadband partnership for AST SpaceMobile.

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