AST SpaceMobile’s announcement is a big deal. Now, they’ve hammered out a deal with Verizon that will make cellular service accessibility ubiquitous across the U.S. This new partnership builds off the collaboration we laid the groundwork for last year. It seeks to capitalize on AST SpaceMobile’s revolutionary technology, which promises to build the “first and only” cellular network in space.
This deal enables Verizon to make its 850 MHz exclusive low-band spectrum contiguous nationwide. In turn, consumers will benefit from better coverage and an overall higher quality of service. AST SpaceMobile’s space-based broadband will address coverage gaps. Most notably, it will serve remote and hard-to-reach areas, improving connectivity for commercial and government customers.
Before the announcement of this deal, AST SpaceMobile’s stock had already surged by more than 250% for the year, reflecting investor confidence in the company’s potential to transform the telecommunications landscape. We expect this partnership to generate further excitement around AST SpaceMobile’s groundbreaking approach to cellular connectivity. Look forward to more great stuff coming down the pipeline!
Abel Avellan, founder and CEO of AST SpaceMobile, said he is excited about the partnership. He stated,
“Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space across the continental United States.”
Even more than that, the partnership represents a major technological breakthrough. Beyond that, it represents a smart move for Verizon as the company continues working to bolster its network arms. Verizon is integrating AST SpaceMobile’s space-derived services into its offerings. This effort bolsters its capacity to continue answering the growing call for more dependable internet connectivity, particularly in places that don’t have a robust legacy infrastructure.