AT&T and AST SpaceMobile enter a commercial agreement to
provide their first space-based broadband network direct to
everyday cell phones.
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Key Takeaways:
- AT&T and AST SpaceMobile announce a commercial agreement to
provide their first space-based broadband network direct to
everyday cell phones.
- The two companies have been on this path together since 2018.
This agreement is another key step to providing even more expansive
connectivity.
AT&T* and AST SpaceMobile have entered a definitive
commercial agreement to provide a space-based broadband network
direct to everyday cell phones. This agreement extends until 2030.
Previously the companies were working together under a Memorandum
of Understanding. This is not just one small step, but one giant
leap towards enhanced connectivity for consumers and businesses
across the country.
This summer, AST SpaceMobile plans to deliver its first
commercial satellites to Cape Canaveral for launch into low Earth
orbit. These initial five satellites will enable commercial service
that was previously demonstrated with several key milestones. These
industry first moments during 2023 include the first voice call,
text and video call via space between everyday smartphones.
The two companies have been on this path together since 2018.
AT&T will continue to be a critical collaborator in this
innovative connectivity solution. Chris Sambar, Head of Network
for AT&T, will soon be appointed to AST SpaceMobile’s board
of directors. AT&T will continue to work directly with AST
SpaceMobile on developing, testing, and troubleshooting this
technology to help make continental U.S. satellite coverage
possible.
“Space-based direct-to-mobile technology is designed to provide
customers connectivity by complementing and integrating with our
existing mobile network,” said Jeff McElfresh, Chief Operating
Officer, AT&T. “This agreement is the next step in our
industry leadership to use emerging satellite technologies to
provide services to consumers and in locations where connectivity
was not previously feasible.”
"Working together with AT&T has paved the way to unlock the
potential of space-based cellular broadband directly to everyday
smartphones. We are thrilled to solidify our collaboration through
this landmark agreement," said Abel Avellan, AST SpaceMobile
Founder, Chairman, and CEO. "We aim to bring seamless, reliable
service to consumers and businesses across the continental U.S.,
transforming the way people connect and access information."
This is another key step on AT&T’s path to providing even
more expansive connectivity on America’s largest wireless network1.
There are many situations where dead zones outside will become a
thing of the past thanks to the reach of a satellite solution
providing two-way connectivity.
One day in the not-too-distant future, consumers will feel a
greater peace of mind knowing they have connectivity in places like
wilderness areas, including our national park land, rural highways,
and other hard to reach locations around the country.
1Based on comparison of carrier owned & operated networks.
No AT&T on-net coverage in select countries, including
Canada
*About AT&T
We help more than 100 million U.S. families, friends and
neighbors, plus nearly 2.5 million businesses, connect to greater
possibility. From the first phone call 140+ years ago to our 5G
wireless and multi-gig internet offerings today, we @ATT innovate
to improve lives. For more information about AT&T Inc.
(NYSE:T), please visit us at about.att.com. Investors can learn
more at investors.att.com.
About AST SpaceMobile
AST SpaceMobile, Inc. is building the first and only global
cellular broadband network in space to operate directly with
standard, unmodified mobile devices based on our extensive IP and
patent portfolio, and designed for both commercial and government
applications. Our engineers and space scientists are on a mission
to eliminate the connectivity gaps faced by today’s five billion
mobile subscribers and finally bring broadband to the billions who
remain unconnected. For more information, follow AST SpaceMobile on
YouTube , X (formerly Twitter) , LinkedIn and Facebook . Watch this
video for an overview of the SpaceMobile mission.
Forward-Looking Statements
This communication contains “forward-looking statements” that
are not historical facts, and involve risks and uncertainties that
could cause actual results of AST SpaceMobile to differ materially
from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology,
including the words “believes,” “estimates,” “anticipates,”
“expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,”
“projects,” “predicts,” “continue,” or “should,” or, in each case,
their negative or other variations or comparable terminology.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside AST SpaceMobile’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (i) expectations regarding AST SpaceMobile’s strategies
and future financial performance, including AST’s future business
plans or objectives, expected functionality of the SpaceMobile
Service, anticipated timing of the launch of the Block 1 Bluebird
satellites, anticipated demand and acceptance of mobile satellite
services, prospective performance and commercial opportunities and
competitors, the timing of obtaining regulatory approvals, ability
to finance its research and development activities, commercial
partnership acquisition and retention, products and services,
pricing, marketing plans, operating expenses, market trends,
revenues, liquidity, cash flows and uses of cash, capital
expenditures, and AST’s ability to invest in growth initiatives;
(ii) the negotiation of definitive agreements with mobile network
operators relating to the SpaceMobile service that would supersede
preliminary agreements and memoranda of understanding and the
ability to enter into commercial agreements with other parties or
government entities; (iii) the ability of AST SpaceMobile to grow
and manage growth profitably and retain its key employees and AST
SpaceMobile’s responses to actions of its competitors and its
ability to effectively compete; (iv) changes in applicable laws or
regulations; (v) the possibility that AST SpaceMobile may be
adversely affected by other economic, business, and/or competitive
factors; (vi) the outcome of any legal proceedings that may be
instituted against AST SpaceMobile; and (vii) other risks and
uncertainties indicated in the Company’s filings with the SEC,
including those in the Risk Factors section of AST SpaceMobile’s
Form 10-K filed with the SEC on March 31, 2023.
AST SpaceMobile cautions that the foregoing list of factors is
not exclusive. AST SpaceMobile cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. For information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward-looking statements, please refer to the
Risk Factors incorporated by reference into AST SpaceMobile’s Form
10-K filed with the SEC on March 31, 2023. AST SpaceMobile’s
securities filings can be accessed on the EDGAR section of the
SEC’s website at www.sec.gov. Except as expressly required by
applicable securities law, AST SpaceMobile disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240515925684/en/
Andrea Huguely AT&T Corporate Communications Phone: +1 (972)
207-8630 Email: andrea.huguely@att.com
Allison Eva Murphy Phone: 917-547-7289 Email:
AstSpaceMobile@allisonpr.com
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