US EditionVerizon signs deal with AST SpaceMobile to provide cellular service from space
The deal enables Verizon to extend cellular coverage using AST SpaceMobile’s satellite network, with shares up 268% in six months, service starting in 2026.
- On Wednesday, Verizon and AST SpaceMobile signed a commercial agreement to deliver satellite service starting in 2026, with Avellan stating, `Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space across the continental United States.`
- The deal builds on a May 2024 strategic partnership as AST SpaceMobile develops satellites with large commercial communications arrays for the first space-based cellular broadband network.
- Using Verizon's 850 MHz spectrum, the partnership completed a Voice over LTE call via AST SpaceMobile's BlueBird satellite between a smartphone in Texas and another in New Jersey.
- Investors pushed AST SpaceMobile shares up 268% over six months as the company filed an $800,000,000 at-the-market offering amid a Scotiabank downgrade citing delays and valuation concerns.
- By combining terrestrial and LEO satellite systems, the deal enhances Verizon's network with AST SpaceMobile's technology, Srini Kalapala said it's "a good step forward," while InvestingPro notes a current ratio of 8.23.
38 Articles
38 Articles
Verizon Inks Deal With AST SpaceMobile to Provide Space-based Cellular Service
Verizon customers will have the option for space-based cellular broadband service beginning in 2026 through a commercial agreement the company signed on Oct. 8 with AST SpaceMobile. AST SpaceMobile of Midland, Texas, will combine its space-based low Earth orbit cellular network with Verizon’s 850 megahertz spectrum to provide customers with expanded cellular coverage. Verizon customers who are out of range of their carrier’s communications tower…
AST SpaceMobile gains Verizon ally amid SpaceX’s direct-to-device push
AST SpaceMobile’s shares closed up more than 8% Oct. 8 after Verizon joined AT&T in signing a definitive agreement to use its planned space-based cellular network, easing investor concerns about SpaceX’s aggressive push into the fledgling D2D market. The post AST SpaceMobile gains Verizon ally amid SpaceX’s direct-to-device push appeared first on SpaceNews.
Why AST SpaceMobile Stock Popped Again Today @themotleyfool #stocks $ASTS $VZ
Key PointsAST SpaceMobile just signed a deal to provide DTC cellphone service to Verizon customers in 2026.AST SpaceMobile is rapidly burning through its cash.A sky-high stock price could permit AST to raise more cash through share sales.10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) stock shot up 14.5% through 10 a.m. ET Thursday after the satellite communications stock announced it has signed a "definitive comme…
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