10:41 AM EDT, 08/06/2025 (MT Newswires) -- AST SpaceMobile ( ASTS ) said Wednesday that it has agreed to acquire an entity holding global S-Band spectrum priority rights under the International Telecommunication Union for $64.5 million.

The price is payable in cash or shares, with $26 million due at closing and $38.5 million in deferred consideration that includes milestone-based payments, the company said.

The rights are for certain mobile satellite services frequencies that AST said will enable it to offer services in these spectrum bands globally, subject to regulatory approvals.

AST SpaceMobile ( ASTS ) expects to close the transaction in the second half of the year.

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