AST SpaceMobile (ASTS) lands TELUS equity deal for Canada satellite-to-phone service, adds Africa’s Axian
AST SpaceMobile and TELUS signed a deal to launch satellite-powered texting, voice, and data in remote Canada by late 2026, with TELUS investing in ground infrastructure and taking an equity stake. AST also partnered with Axian Telecom for direct-to-device mobile broadband in Africa, pending approvals. Financial terms were not disclosed. AST shares fell about 12% to $92.72 in New York trading.