AST SpaceMobile announced a binding agreement with Ligado Networks on January 6, 2025, for long-term access to up to 45 MHz of lower mid-band spectrum in the US for direct-to-device satellite applications. This agreement, subject to definitive documentation and regulatory approvals, could enable peak data speeds up to 120 Mbps to smartphones nationwide.The deal involves Ligado receiving 4.7 million penny warrants convertible to AST SpaceMobile Class A shares, and $550 million upon closing, supported by a committed institutional financing. AST SpaceMobile would pay $80 million annually for spectrum rights and provide long-term revenue sharing. The transaction is contingent on Ligado's restructuring completion.AST SpaceMobile launched its first five commercial BlueBird satellites in September 2024, aiming for nationwide US coverage. The company has agreements with over 45 mobile network operators globally, representing approximately 2.8 billion subscribers, and secured strategic investments from major telecom and tech companies in 2024.

AST SpaceMobile announced a binding agreement with Ligado Networks on January 6, 2025, for long-term access to up to 45 MHz of lower mid-band spectrum in the US for direct-to-device satellite applications. This agreement, subject to definitive documentation and regulatory approvals, could enable peak data speeds up to 120 Mbps to smartphones nationwide.The deal involves Ligado receiving 4.7 million penny warrants convertible to AST SpaceMobile Class A shares, and $550 million upon closing, supported by a committed institutional financing. AST SpaceMobile would pay $80 million annually for spectrum rights and provide long-term revenue sharing. The transaction is contingent on Ligado's restructuring completion.AST SpaceMobile launched its first five commercial BlueBird satellites in September 2024, aiming for nationwide US coverage. The company has agreements with over 45 mobile network operators globally, representing approximately 2.8 billion subscribers, and secured strategic investments from major telecom and tech companies in 2024.