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Saudi Arabia’s stc Group commits $175 million prepayment in AST SpaceMobile deal

Saudi Arabia’s stc Group commits $175 million prepayment in AST SpaceMobile deal

Saudi telecoms giant stc Group has signed a 10-year agreement that includes a $175 million prepayment commitment to use AST SpaceMobile’s planned space-based cellular broadband network, the Texas-based venture announced Oct. 29.
The post Saudi Arabia’s stc Group commits $175 million prepayment in AST SpaceMobile deal appeared first on SpaceNews.

Published by SpaceNews on 10/29/2025

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