Saudi Arabia’s Stc Group Commits $175 Million Prepayment in AST SpaceMobile Deal

Saudi Arabia’s stc Group commits $175 million prepayment in AST SpaceMobile deal

Saudi telecoms giant stc Group has signed a 10-year agreement that includes a $175 million prepayment commitment to use AST SpaceMobile’s planned space-based cellular broadband network, the Texas-based venture announced Oct. 29. The post Saudi Arabia’s stc Group commits $175 million prepayment in AST SpaceMobile deal appeared first on SpaceNews.

Ten-Year Commercial Agreement Announced by AST SpaceMobile, stc Group

A 10- year commercial agreement to enable direct-to-device satellite mobile connectivity across Saudi Arabia and key regional markets has been signed by AST SpaceMobile and stc group. As part of this agreement, stc has committed to a prepayment of $175 million for future services and made a significant long-term commercial revenue commitment.“This partnership is another major leap forward to deliver on the promise of truly universal mobile broad…

stc group + AST SpaceMobile announce 10-year commercial agreement + long-term revenue commitment for space-based cellular broadband connectivity – SatNews

Collaboration for rollout in Saudi Arabia and select markets in the Middle East and Africa AST SpaceMobile, Inc. (NASDAQ: ASTS) and stc group have signed a 10- year commercial agreement to enable direct-to-device satellite mobile connectivity across Saudi Arabia and key regional markets. As part of this agreement, stc has committed to a prepayment of $175 million for future services and made a significant long-term commercial revenue commitmen…

stc group and AST SpaceMobile announce 10-year commercial agreement and long-term revenue commitment for space-based cellular broadband connectivity

stc group and AST SpaceMobile announce 10-year commercial agreement and long-term revenue commitment for space-based cellular broadband connectivity

stc, AST ink multi-year satellite broadband deal

stc Group signed a ten-year commercial agreement with AST SpaceMobile to deliver direct-to-device (D2D) satellite broadband services across Saudi Arabia and key markets in the Middle East and Africa. In a joint statement the companies explained the deal is the first in the region for AST SpaceMobile and involves a $175 million upfront service payment by stc along with a long-term revenue commitment. AST SpaceMobile plans to build three ground st…

Agreement paves way for space-based mobile broadband across Middle East and NAfrica

Los Angeles CA (SPX) Oct 30, 2025 AST SpaceMobile and stc group have signed a ten-year commercial contract to deliver satellite direct-to-device mobile broadband throughout Saudi Arabia and selected areas in the Middle East and Africa. Under the terms, stc commits $175 million in prepayments for future services and sets a substantial long-term revenue goal. This partnership will connect AST SpaceMobile's satellite cellular