Mar. 4 at 11:24 AM
$ASTS $TU
Telus, AST SpaceMobile to partner on space-based connectivity
TELUS Corporation (TU) and AST SpaceMobile (ASTS) "signed a commercial agreement to bring space-based cellular broadband service to places it's never reached before across Canada. As part of the commercial agreement, TELUS will invest in ground-based satellite infrastructure and become an equity shareholder in AST SpaceMobile, reinforcing the long-term alignment between the two companies. Planned for late 2026, TELUS customers will be able to send texts, make calls and use data in Canada's most remote locations, staying connected whether they're hiking through the backcountry, working at a remote job site, or spending the weekend at the lake, using the smartphone they already own with no special equipment required."
