AST SpaceMobile Announces Definitive Commercial Agreement with Vodafone Through 2034

Business Wire12-09

Vodafone and AST SpaceMobile entered into a definitive long-term commercial agreement through 2034 (Graphic: Business Wire) Agreement sets up Vodafone to offer space-based cellular ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490072119?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/baMnzHBwUlaUDC04brFyvQ--~B/aD0yOTk7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ca63fc2dd58c287fd0d85e00a84f6e78","is_english":true,"pubTime":"2024-12-09 20:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490072119","market":"us","top_or_hot":-1,"title":"AST SpaceMobile Announces Definitive Commercial Agreement with Vodafone Through 2034","media":"Business Wire","content":"<div>\n<p>Vodafone and AST SpaceMobile entered into a definitive long-term commercial agreement through 2034 (Graphic: Business Wire)\n \n\n\n\n\n\n\n\n\n\nAgreement sets up Vodafone to offer space-based cellular ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ast-spacemobile-announces-definitive-commercial-123000661.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AST SpaceMobile Announces Definitive Commercial Agreement with Vodafone Through 2034</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAST SpaceMobile Announces Definitive Commercial Agreement with Vodafone Through 2034\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-09 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ast-spacemobile-announces-definitive-commercial-123000661.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vodafone and AST SpaceMobile entered into a definitive long-term commercial agreement through 2034 (Graphic: Business Wire)\n \n\n\n\n\n\n\n\n\n\nAgreement sets up Vodafone to offer space-based cellular ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ast-spacemobile-announces-definitive-commercial-123000661.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AST","symbol_name":"Asterias Biotherapeutics, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ast-spacemobile-announces-definitive-commercial-123000661.html","article_id":"2490072119","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/baMnzHBwUlaUDC04brFyvQ--~B/aD0yOTk7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ca63fc2dd58c287fd0d85e00a84f6e78"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490072119","pubTimestamp":1733747400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Vodafone and AST SpaceMobile entered into a definitive long-term commercial agreement through 2034 . Agreement sets up Vodafone to offer space-based cellular broadband in its home and partner markets. This agreement establishes the framework for Vodafone to offer space-based cellular broadband connectivity in its home markets, as well as to other operators via its Partner Markets program.During 2024, AST SpaceMobile has secured additional strategic investment from AT&T, Verizon, Google and Vodafone, and new contract awards with the United States Government, directly and through prime contractors. The company has agreements with more than 45 mobile network operators globally, which have over approximately 2.8 billion existing subscribers total, including Vodafone Group, AT&T, Verizon","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AST":"Asterias Biotherapeutics, Inc.","BK4132":"无线电信业务","VOD":"沃达丰","BK4089":"非传统电信运营商","BK4585":"ETF&股票定投概念","BK4588":"碎股","ASTS":"AST SpaceMobile, Inc.","WRD":"文远知行","BK4532":"文艺复兴科技持仓","PHH":"Park Ha Biological Technology Co. Ltd.","ASTSW":"AST SpaceMobile, Inc. Warrant"},"translate_title":"AST SpaceMobile宣布与沃达丰达成最终商业协议，直至2034年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AST":1,"ASTS":1,"PHH":1,"WRD":1,"ASTSW":0.9,"VOD":0.9},"content_text":"Vodafone and AST SpaceMobile entered into a definitive long-term commercial agreement through 2034 (Graphic: Business Wire)\n \n\n\n\n\n\n\n\n\n\nAgreement sets up Vodafone to offer space-based cellular broadband in its home and partner markets\nMIDLAND, Texas, December 09, 2024--(BUSINESS WIRE)--AST SpaceMobile, Inc. (\"AST SpaceMobile\") (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, and Vodafone Group Plc (Vodafone) (LSE: VOD), a leading European and African telecommunications company, announced today that they have entered into a definitive long-term commercial agreement through 2034. This is a significant step forward in their collaboration to expand broadband connectivity globally.\nThis agreement establishes the framework for Vodafone to offer space-based cellular broadband connectivity in its home markets, as well as to other operators via its Partner Markets program.\nSince 2018, Vodafone, one of the largest telecommunications companies in the world, has been a three-time investor in AST SpaceMobile, and is a key technology partner in AST SpaceMobile's development, including several world’s firsts in direct-to-device connectivity with everyday smartphones that confirmed 2G, 4G and 5G capabilities. In April 2023, AST SpaceMobile and its partners completed the first-ever space-based voice call to an unmodified phone. That was followed by the first-ever 4G download speed above 10 Mbps in June 2023 and the first-ever 5G voice call in September 2023. Ultimately, the company and its partners have demonstrated over 20 mbps download speeds to unmodified phones on a 5 Mhz channel.\nVodafone has placed an order for its first Block 1 BlueBird gateway, marking a milestone in the deployment of AST SpaceMobile's global network infrastructure. Users outside traditional cellular coverage will be able to connect their everyday smartphones directly to AST SpaceMobile's satellites in low Earth orbit, which in turn will route the data to the gateway. These gateways will then connect to Vodafone's existing network infrastructure to route the broadband data to users' devices, as well as to access third-party Apps and the Internet.\nThe next-generation Block 2 BlueBirds featuring up to 2,400 square foot communications arrays, are designed to deliver up to 10 times the bandwidth capacity of the BlueBird satellites in orbit today, enabling peak data transmission speeds up to 120 Mbps, supporting voice, full data, and video applications.\nDuring 2024, AST SpaceMobile has secured additional strategic investment from AT&T, Verizon, Google and Vodafone, and new contract awards with the United States Government, directly and through prime contractors. The company has agreements with more than 45 mobile network operators globally, which have over approximately 2.8 billion existing subscribers total, including Vodafone Group, AT&T, Verizon, Rakuten Mobile, Bell Canada, Orange, Telefonica, TIM, Saudi Telecom Company, Zain KSA, Etisalat, Indosat Ooredoo Hutchison, Telkomsel, Smart Communications, Globe Telecom, Millicom, Smartfren, Telecom Argentina, MTN, Telstra, Africell, Liberty Latin America and others. AT&T, Verizon, Vodafone, Google, Rakuten, American Tower, Cisneros Group and Bell Canada are also existing investors in AST SpaceMobile.\nAbout AST SpaceMobile\nAST SpaceMobile 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. 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.\nAbout Vodafone\nVodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 330 million customers in 15 countries (excludes Italy which is held as a discontinued operation under Vodafone Group), partner with mobile networks in 45 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 83 million customers across seven countries – managing more transactions than any other provider.\nOur purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies. We are committed to reducing our environmental impact to reach net zero emissions by 2040.\nFor more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.\nRegistered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679\nForward-Looking Statements\nThis 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.\nThese 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.\nFactors 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 2 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 April 1, 2024.\nAST 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 April 1, 2024. 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.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241208628293/en/\nContacts\nAST SpaceMobile\nInvestor Contact: Scott Wisniewskiinvestors@ast-science.com\nMedia Contacts: AllisonEva Murphy Ryan917-547-7289AstSpaceMobile@allisonpr.com\nVodafone:\nInvestor relations: investors.vodafone.com ir@vodafone.co.uk\nMedia relations: Vodafone.com/media/contact GroupMedia@vodafone.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490072119"}