Press release
AST SpaceMobile CEO Publishes Letter to Partners, Shareholders, and Future Space-Based Cellular Broadband Network Users
MIDLAND, Texas--(BUSINESS WIRE)-- AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular
About this update from Ast Spacemobile, Inc.
[{"type":"text","content":" MIDLAND, Texas--(BUSINESS WIRE)--\nAST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced that Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile, published a letter to partners, shareholders, and future space-based cellular broadband network users. The full text of the letter is below.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701476388/en/AST SpaceMobile planned coverage map (Graphic: Business Wire)\nDear Fellow Partners, Shareholders, and Future Space-Based Cellular Broadband Network Users,\n\n\nThe recent announcement of a strategic partnership with Verizon is another leap forward for AST SpaceMobile. It builds upon the momentum of our earlier flagship commercial agreement with AT&T, not only by securing additional capital in the form of prepayments and convertible notes, but more importantly, by accelerating our mission to eliminate connectivity gaps across the United States.\n\n\nWith both industry leaders – AT&T and Verizon – on board, AST SpaceMobile is now uniquely positioned to achieve a groundbreaking feat: target 100% geographical coverage throughout the continental U.S., the most valuable wireless market in the world.\n\n\nThe key to unlocking this ubiquitous coverage lies in the power of the premium 850 MHz low-band spectrum, which offers superior signal penetration in the low band cellular range. AT&T and Verizon together will share with AST SpaceMobile a portion of their respective bands of 850 MHz low-band spectrum to enable nationwide satellite coverage.\n\n\nThis is where this dual partnership comes in. This strategic move ensures wider coverage via shared spectrum that benefits both AT&T’s and Verizon’s subscribers.\n\n\nWhy Low-Band – 850 MHz Spectrum - A Winning Combination for Nationwide Coverage\n\n\nThe 850 MHz low-band spectrum offers several advantages that make it the perfect choice for our space-based cellular broadband network:\n\n\nExceptional Propagation: Low-band frequencies travel longer distances and penetrate deeper into buildings and through foliage compared to higher frequencies. This ensures our si...