Insights: AST SpaceMobile Receives Strategic Investment from AT&T, Vodafone and Google

January 2024
Telecoms & Connectivity

On January 18th 2024, AST SpaceMobile announced a combined strategic investment of $155 million from first-time investors AT&T and Google, and previous investor Vodafone. AST SpaceMobile outlines the strategic investment as follows:
•    $110 million of 10-year subordinated convertible notes with 5.5% interest, with a conversion price of $5.75 per share.
•    $20 million revenue commitment from AT&T based on the launch and successful activation of the first 5 satellites.
•    $25 million minimum revenue commitment from Vodafone, subject to definitive agreement.

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