On October 29, 2025 (PT), Saudi Arabia’s stc group signed a decade-long commercial agreement with AST SpaceMobile that includes a $175 million cash prepayment in 2025 and deployment across Saudi Arabia and selected Middle East and African markets. Services are targeted for Q4 2026, pending regulatory approvals.
The news, in plain terms
- Deal structure: stc commits to a 10-year commercial agreement for space-based cellular broadband, with a $175 million prepayment during 2025 for future services and a broader, undisclosed long-term revenue commitment.
- Footprint & timing: Initial rollout covers Saudi Arabia with expansion into select MENA markets;
