AST SpaceMobile secures Brazil spectrum, adds four mobile partners

• AST SpaceMobile (ASTS) announced Monday that it secured spectrum approvals and signed agreements with four regional mobile operators to expand its planned satellite-based cellular broadband service in Brazil.
• The approvals cover 30 MHz of S-band spectrum and secondary use of up to 20 MHz in the 700 MHz band.
• The company plans to install four ground gateways in Brazil to connect its BlueBird satellite network with mobile operators.
• Brazil has more than 210M people and over 200M mobile lines. AST SpaceMobile said coverage gaps across highways and agricultural land create an opportunity for satellite-based connectivity.
• The availability will expand as satellite capacity, ground infrastructure, and network integration progress, subject to regulatory approvals.
• On the market side, the ASTS stock traded ~1% higher to ~$40.21 in the premarket session.
• Source: Press Release

Recommended For You

Register for free to keep reading.

Create a free account to get unlimited breaking news and alerts when your stocks move.