AST SpaceMobile, Verizon Announce Plans to Target 100% Geographical Coverage of the Continental U.S. from Space
May 30, 2024 | BUSINESS WIREEstimated reading time: 1 minute
![](https://iconnect007.com/application/files/9617/1707/5746/ASTSpaceMobile.jpg)
AST SpaceMobile, Inc., and Verizon announced a strategic partnership with a commitment of $100 million from Verizon, to provide direct-to-cellular AST SpaceMobile service when needed for Verizon customers.
“This new partnership with Verizon will enable AST SpaceMobile to target 100% coverage of the continental United States on premium 850 MHz spectrum with two major U.S. mobile operators in the most valuable wireless market in the world, a transformational commercial milestone,” said Abel Avellan, Founder, Chairman, and CEO of AST SpaceMobile. “This partnership will enhance cellular connectivity in the United States, essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity.”
“Verizon has always been strategic and efficient with our spectrum strategy. We use the spectrum entrusted to us to deliver outstanding cellular service for our customers through our terrestrial network. By entering into this agreement with AST, we will now be able to use our spectrum in conjunction with AST’s satellite network to provide essential connectivity in remote corners of the U.S. where cellular signals are unreachable through traditional land-based infrastructure,” said Srini Kalapala, Senior Vice President of Technology and Product Development at Verizon.
The combination of Verizon’s highly reliable terrestrial mobile network, the multi-operator 850 Mhz band and the largest and most powerful commercial communications arrays ever deployed in low Earth orbit, is planned to enable cellular consumers to stay connected wherever they are, anywhere in the continental United States. The $100 million Verizon commitment includes $65 million of commercial prepayments, $45 million of which are subject to certain conditions, and $35 million of convertible notes.
AST SpaceMobile has agreements with more than 45 mobile network operators globally who collectively serve over 2.8 billion existing subscribers. The company produces its state-of-the-art satellite technology in Midland, Texas, with manufacturing and testing facilities that collectively span 185,000 square feet.
Suggested Items
IDC Reveals Automotive Semiconductor Market Outlook and Discusses Technological Advancements
06/26/2024 | IDCA recent IDC report, Worldwide Automotive Semiconductor Market Forecast, 2024 categorizes automotive chips into distinct segments: analog chips, logic chips, microprocessors, memory chips, discrete devices, optoelectronic devices, and sensors.
CSPs to Expand into Edge AI, Driving Average NB DRAM Capacity Growth by at Least 7% in 2025
06/26/2024 | TrendForceTrendForce has observed that in 2024, major CSPs such as Microsoft, Google, Meta, and AWS will continue to be the primary buyers of high-end AI servers, which are crucial for LLM and AI modeling.
Airbus Provides 2024 Guidance Update
06/25/2024 | Airbus GroupAirbus SE is providing a market update to report on new developments related to its space activities and commercial aircraft business, the impact of which is leading the Company to update its 2024 guidance.
Plexus Issues Fiscal 2023 Sustainability Report
06/25/2024 | Plexus Corp.Plexus Corp. released its fiscal 2023 Sustainability Report. The report, which is now available on the company’s Sustainability web page, highlights the progress and impact of its sustainable and responsible business practices in strengthening customer partnerships, supporting team member growth and demonstrating a positive environmental and social impact.
DigiKey Receives ISO 27001 Certification, Adding to Robust Information Security Program THIEF
06/21/2024 | Digi-KeyDigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, announced it has added ISO 27001 certification to its robust data security program.