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ASTS Inks Commercial Agreement with stc group: Will it Fuel Revenue?

Key Takeaways stc group signed a 10-year commercial agreement with AST SpaceMobile, prepaying $175 million.ASTS set to integrate its satellite network with stc's terrestrial network to expand 4G and 5G coverage.AST SpaceMobile's expanding telecom alliances highlight its growing role in global space-based connectivity. AST SpaceMobile (ASTS) is benefiting from a growing client base backed by its robust satellite connectivity portfolio. Recently, the Saudi Telecom Company, known as the stc group, has signed a ...