AST SpaceMobile has entered into a binding agreement with Ligado Networks for long-term access to up to 45 MHz of lower mid-band spectrum in the United States for direct-to-device satellite applications. The 80+ year spectrum usage rights agreement includes 40 MHz of L-Band MSS spectrum in the US and Canada, plus 5 MHz in the 1670-1675 MHz Band, positioning the company to deliver peak data speeds up to 120 Mbps.The transaction involves Ligado receiving approximately 4.7 million penny warrants convertible into AST SpaceMobile Class A shares and $550 million upon closing, supported by an institutional financing commitment. AST SpaceMobile will pay approximately $80 million annually for spectrum usage rights and provide long-term net revenue sharing rights.In September 2024, AST SpaceMobile launched its first five commercial BlueBird satellites, targeting 100% US coverage with over 5,600 coverage cells. The company has secured strategic investments from major telecom players and maintains agreements with over 45 mobile network operators globally, representing approximately 2.8 billion subscribers.

AST SpaceMobile has entered into a binding agreement with Ligado Networks for long-term access to up to 45 MHz of lower mid-band spectrum in the United States for direct-to-device satellite applications. The 80+ year spectrum usage rights agreement includes 40 MHz of L-Band MSS spectrum in the US and Canada, plus 5 MHz in the 1670-1675 MHz Band, positioning the company to deliver peak data speeds up to 120 Mbps.The transaction involves Ligado receiving approximately 4.7 million penny warrants convertible into AST SpaceMobile Class A shares and $550 million upon closing, supported by an institutional financing commitment. AST SpaceMobile will pay approximately $80 million annually for spectrum usage rights and provide long-term net revenue sharing rights.In September 2024, AST SpaceMobile launched its first five commercial BlueBird satellites, targeting 100% US coverage with over 5,600 coverage cells. The company has secured strategic investments from major telecom players and maintains agreements with over 45 mobile network operators globally, representing approximately 2.8 billion subscribers.