Ten-Year Commercial Agreement Announced by AST SpaceMobile, stc Group
Includes Long-Term Revenue Commitment for Space-based Cellular Broadband Connectivity
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 partn…
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