Form type: 8-K
Filing date: 2025-10-29
Report date: 2025-10-29
Accepted: 2025-10-29 13:29 UTC
Items: 7.01,8.01,9.01
Day change: +2.94% (2025-10-29)
Description: 8-K
Document: form8-k.htm
Format: html (XBRL)
Size: 45.7 KB
Download status: downloaded
Current Report (8-K)
0001493152-25-020005 — Filed 2025-10-29
AST SpaceMobile announced a ten-year commercial agreement with Saudi Telecom Company to provide direct-to-device satellite mobile connectivity across Saudi Arabia and regional markets, with STC committing a $175 million prepayment in 2025 and significant long-term revenue commitments. The company plans to build three ground gateways in Saudi Arabia and establish a Network Operations Center in Riyadh, with commercial services expected to launch in 2026 pending regulatory approvals from Saudi Arabia's Communications, Space and Technology Commission and other relevant authorities across the 15-country operating footprint.