AST SpaceMobile Announces Agreement to Acquire Global S-Band Spectrum Priority Rights Held under the International Telecommunication Union
Alongside the company鈥檚 core global 3GPP cellular spectrum strategy, and planned L-Band spectrum strategies in the
Transaction would pair AST SpaceMobile鈥檚 largest-ever commercial communication arrays deployed in low Earth orbit with up to an additional 60 MHz of mid-band satellite spectrum capabilities
AST SpaceMobile Announces Agreement to Acquire Global S-Band Spectrum Priority Rights Held under the International Telecommunication Union
鈥淥ur revolutionary satellites and proprietary ASICs were designed with S-Band capabilities in mind. With these new spectrum priority rights, we will be in a position to bring services in S-Band to targeted markets around the world,鈥� said Abel Avellan, Chairman and CEO of AST SpaceMobile. 鈥淎longside our existing global 3GPP spectrum strategy and planned L-Band spectrum strategy in the
On August 5, 2025, AST SpaceMobile (the 鈥淐ompany鈥�) entered into an agreement to acquire an entity that holds certain S-Band ITU priority rights to MSS (Mobile Satellite Services) frequencies in the range of 1980-2010 MHz and 2170-2200 MHz, for use in low Earth orbit (the 鈥淭ransaction鈥�). These spectrum priority rights will provide AST SpaceMobile a path to offer services in these spectrum bands around the world, subject to country-level regulatory approvals, supplementing the Company鈥檚 core global 3GPP cellular spectrum strategy. The Transaction has a total consideration of
The Transaction is expected to close during the second half of 2025. The closing is contingent upon the satisfaction of customary closing conditions. UBS Securities LLC is acting as financial advisor to AST SpaceMobile and McGuireWoods LLP is acting as legal counsel to AST SpaceMobile.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today鈥檚 five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, follow AST SpaceMobile on , , and . Watch for an overview of the SpaceMobile mission.
Forward-Looking Statements
This communication contains 鈥渇orward-looking statements鈥� that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渁nticipates,鈥� 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥減otential,鈥� 鈥減rojects,鈥� 鈥減redicts,鈥� 鈥渃ontinue,鈥� or 鈥渟hould,鈥� or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile鈥檚 control and are difficult to predict.
Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile鈥檚 strategies and future financial performance, including AST鈥檚 future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile鈥檚 ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile鈥檚 responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; (vii) AST SpaceMobile鈥檚 ability to complete the Transaction in a timely manner (or at all) and at the price and upon the terms anticipated and (viii) other risks and uncertainties indicated in the Company鈥檚 filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile鈥檚 Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025.
AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile鈥檚 Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025. AST SpaceMobile鈥檚 securities filings can be accessed on the EDGAR section of the SEC鈥檚 website at . Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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Source: AST SpaceMobile, Inc.
