Saudi Arabias 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 SpaceMobiles planned space-based cellular broadband network, the Texas-based venture announced Oct. 29. The post Saudi Arabias stc Group commits $175 million prepayment in AST SpaceMobile deal appeared first on SpaceNews.