AST SpaceMobile Announces Collaboration with Orange
March 25 2022 - 9:26AM
Business Wire
Memorandum of Understanding Would Explore
Opportunities to Extend AST SpaceMobile’s Planned Coverage to
Orange Customers
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ: ASTS), the
company building the first and only space-based cellular broadband
network designed to be accessible directly by standard mobile
phones, today announced a non-binding memorandum of understanding
(“MoU”) with Orange S.A. ("Orange"), one of the world's leading
telecommunications operators serving more than 220 million mobile
customers across the globe.
The joint effort would examine the opportunity for Orange to
test the SpaceMobile service in one African country, following AST
SpaceMobile's planned launch of BlueWalker 3, its test satellite
with an aperture of 693 square feet that's designed to communicate
directly with cell phones via 3GPP standard frequencies. It also
paves the way for the two companies to discuss a potential
agreement to serve Orange subscribers through AST SpaceMobile's
planned network of BlueBird satellites.
"AST SpaceMobile seeks not only to fill cellular broadband
coverage gaps for millions of existing subscribers, but also to
extend mobile service to areas which currently have little to none
at all," said Chris Ivory, Chief Commercial Officer of AST
SpaceMobile.
AST SpaceMobile's mission is to eliminate the connectivity gaps
faced by today's five billion mobile subscribers moving in and out
of coverage zones, and bring cellular broadband to approximately
half of the world's population who remain unconnected. Other
partners in this effort include leading global wireless
infrastructure companies such as Rakuten Mobile, Vodafone and
American Tower.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular
broadband network in space to operate directly with standard,
unmodified mobile devices based on our extensive IP and patent
portfolio. Our engineers and space scientists are on a mission to
eliminate the connectivity gaps faced by today's five billion
mobile subscribers and finally bring broadband to the billions who
remain unconnected. For more information, follow AST SpaceMobile on
Facebook, Twitter, LinkedIn and YouTube. Watch this video for an
overview of the SpaceMobile mission.
Forward-Looking Statements
This communication contains "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results of AST SpaceMobile to differ materially
from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology,
including the words "believes," "estimates," "anticipates,"
"expects," "intends," "plans," "may," "will," "would," "potential,"
"projects," "predicts," "continue," or "should," or, in each case,
their negative or other variations or comparable terminology. These
forward-looking statements include, without limitation, statements
concerning AST SpaceMobile's expectations with respect to future
performance and market size.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside AST SpaceMobile's control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (i) expectations regarding AST SpaceMobile's strategies
and future financial performance, including AST's future business
plans or objectives, expected functionality of the SpaceMobile
Service, anticipated timing and level of deployment of satellites,
anticipated demand and acceptance of mobile satellite services,
prospective performance and commercial opportunities and
competitors, the timing of obtaining regulatory approvals, ability
to finance its research and development activities, commercial
partnership acquisition and retention, products and services,
pricing, marketing plans, operating expenses, market trends,
revenues, liquidity, cash flows and uses of cash, capital
expenditures, and AST's ability to invest in growth initiatives;
(ii) the negotiation of definitive agreements with mobile network
operators relating to the SpaceMobile service that would supersede
memoranda of understanding, including, without limitation, the
memorandum of understanding with Orange; (iii) the ability to
recognize the anticipated benefits of the business combination,
which may be affected by, among other things, competition, the
ability of AST SpaceMobile to grow and manage growth profitably and
retain its key employees; (iv) changes in applicable laws or
regulations; (v) the possibility that AST SpaceMobile may be
adversely affected by other economic, business, and/or competitive
factors; (vi) the outcome of any legal proceedings that may be
instituted against AST SpaceMobile; and (vii) other risks and
uncertainties indicated in the proxy statement, including those
under the section entitled "Risk Factors" in the Definitive Proxy
Statement relating to the business combination, and in the
Company's other filings with the SEC.
AST SpaceMobile cautions that the foregoing list of factors is
not exclusive. AST SpaceMobile cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. For information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward-looking statements, please refer to the
Risk Factors section of the Definitive Proxy Statement relating to
the business combination. AST SpaceMobile's securities filings can
be accessed on the EDGAR section of the SEC's website at
www.sec.gov. Except as expressly required by applicable securities
law, AST SpaceMobile disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220325005298/en/
AST SpaceMobile Investor: Scott Wisniewski
investors@ast-science.com
Media: Brandyn Bissinger press@ast-science.com +1 866 845
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