AST SpaceMobile, Inc. - $ASTS STOCK NEWS

AT&T and AST SpaceMobile have entered a definitive commercial agreement to launch the first space-based broadband network for everyday cell phones, extending their collaboration until 2030. This partnership aims to enhance connectivity, with plans to launch initial satellites this summer. These satellites will enable commercial services demonstrated by successful voice, text, and video calls via space in 2023. Chris Sambar of AT&T will join AST SpaceMobile's board of directors, reinforcing this innovative collaboration. The agreement promises connectivity in remote areas, transforming how consumers and businesses access information.

AST SpaceMobile, Inc. (NASDAQ: ASTS) welcomes Andrew Johnson as the new Chief Legal Officer, bringing over 24 years of legal experience. Johnson has previously worked at 3D Systems and holds a JD from the University of Virginia. His appointment aims to strengthen AST SpaceMobile's legal and corporate frameworks as it continues to lead in space-based cellular broadband technology.

AST SpaceMobile, Inc. will provide a quarterly business update on May 15, 2024, focusing on their space-based cellular broadband network accessible by smartphones. The company aims to address questions from shareholders and discuss financial results during the conference call.

AST SpaceMobile, Inc. provides a business update, highlighting key investments, commercial agreements, FCC approvals, production capabilities, orbital launch updates, custom ASIC development, funding sources, and financial highlights. The company's cash position and operating expenses show significant growth, with a focus on strategic partnerships, technological advancements, and financial stability.

AST SpaceMobile, Inc. (ASTS) announces the commencement of the tape-out phase for its ASIC in collaboration with TSMC, marking a significant milestone in the development of its BlueBird Block 2 program. The AST5000 ASIC is designed to enhance processing bandwidth on satellites, enabling seamless space-based cellular broadband services worldwide. With over $45 million in development and 150 man-years of work, AST SpaceMobile is advancing towards global connectivity with innovative technology.

AST SpaceMobile, Inc. (ASTS) will hold a quarterly business update conference call on April 1st. Investors can submit questions and access the call via webcast.

AST SpaceMobile, Inc. updates satellite filings with ITU and FCC, placing planned satellites under US jurisdiction. The company aims to provide global services while aligning strategically with the US. AST SpaceMobile emphasizes its US-based operations and innovation. The FCC's rulemaking process and partnerships with major companies and mobile network operators showcase the company's progress towards offering commercial services in the US.

AST SpaceMobile, Inc. (ASTS) announces CEO Abel Avellan's appointment as a Commissioner to the ITU/UNESCO Broadband Commission. The company's mission to connect the unconnected aligns with the Commission's goal of universal connectivity by 2030. Avellan's leadership in technological innovation for space-based cellular broadband network signifies a pivotal step towards global broadband access.

AST SpaceMobile, Inc. (ASTS) announces participation in key industry and investor conferences, including Mobile World Congress and ROTH Conference. Investors can request meetings with the company's management at these events.