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AT&T and Verizon invest $1.2 billion in AST SpaceMobile's satellite broadband technology.
May 21, 2026
Contract Type
partnership
MidlandInformation TechnologyHardwareMobileSatellite CommunicationDescription
AT&T and Verizon have joined nearly 60 global mobile network operators in committing over $1.2 billion in contracted revenue to AST SpaceMobile. This investment supports the development of a unique satellite broadband network that aims to improve connectivity for mobile users around the globe.
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Agreement Insights
What this usually meansStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
AST SpaceMobile signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.
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