AST SpaceMobile (NASDAQ: ASTS) has reached an agreement to purchase global S-Band spectrum priority rights under the International Telecommunication Union, enhancing its ability to deliver space-based cellular broadband directly to smartphones for commercial and government use.

Chairman and CEO Abel Avellan said, "Our revolutionary satellites and proprietary ASICs were designed with S-Band capabilities in mind. With these new spectrum priority rights, we will be in a position to bring services in S-Band to targeted markets around the world."

He added that, combined with the company's existing global 3GPP spectrum holdings and planned L-Band strategy in the U.S. and Canada, the rights would allow expansion of subscriber capacity, enabling most countries to access the full AST SpaceMobile

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