AST SpaceMobile Announces Definitive Commercial Agreement with Verizon to Support Space-Based Cellular Broadband Across the Continental United States

Agreement to provide space-based direct-to-device connectivity to everyday cell phones further expands strategic partnership announced in May 2024

AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the signing of a definitive commercial agreement with Verizon ((NYSE, NASDAQ:VZ) to provide direct-to-cellular AST SpaceMobile service when needed for Verizon customers starting in 2026. This service will further enhance Verizon's already expansive and award-winning network, building upon the exceptional service and ubiquitous connectivity customers currently enjoy.

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Verizon and AST SpaceMobile sign definitive commercial agreement to provide space-based broadband connectivity

The combination of Verizon's highly reliable terrestrial mobile network, the use of premium multi-operator 850 MHz cellular spectrum, and AST SpaceMobile's next-generation space-based cellular network in low Earth orbit, is planned to enable cellular customers to stay connected wherever they are, from hiking trails to city centers and everywhere in between.

Featuring the largest-ever commercial communications arrays deployed in low Earth orbit, AST SpaceMobile's network can connect directly to everyday smartphones, eliminating the need for specialized equipment. AST SpaceMobile's network is designed to operate across premium low-band spectrum, the company's own licensed L-band and S-band spectrum, and up to 1,150 MHz of mobile network operator partners' low- and mid-band spectrum, globally. These capabilities advance AST SpaceMobile's efforts toward commercial service.

"Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space across the continental United States," said Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. "The agreement will extend the scope of Verizon's 850 MHz premium low-band spectrum into areas of the U.S. that would benefit from the ubiquitous reach of space-based broadband technology."

Proven Technology Through Successful Trials

This agreement follows testing milestones that have proven the capabilities of the AST SpaceMobile network. In a recent demonstration, the companies successfully completed direct voice and video calls, as well as two-way RCS messaging, between standard, unmodified smartphones and a BlueBird satellite in space. A crystal-clear Voice over LTE (VoLTE) call was made from a smartphone on Verizon's network in Texas, connecting via an AST SpaceMobile satellite to another Verizon smartphone in New Jersey. These successful tests represent a significant leap in satellite-to-cellular technology and pave the way for a future of ubiquitous connectivity.

"This partnership with AST SpaceMobile is a good step forward in our mission to build a seamlessly connected world. We are not just filling in the map; we are creating a new paradigm of connectivity that will unlock the full potential of the digital age," said Srini Kalapala, Senior Vice President of Technology and Product Development at Verizon. "By integrating our expansive, reliable, robust terrestrial network with this innovative space-based technology, we are paving the way for a future where everything and everyone can be connected, regardless of geography."

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 and designed for both commercial and government applications. 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 YouTube, X (formerly Twitter), LinkedIn and Facebook. 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 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 could 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 of the launch of the Block 2 BlueBird 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 SpaceMobile'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 preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile's responses to actions of its competitors and its ability to effectively compete; (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 Company's filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025 and August 11, 2025.

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 in AST SpaceMobile's Form 10-K filed with the SEC on March 3, 2025 and Form 10-Q filed with the SEC on May 12, 2025 and August 11, 2025. 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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