Telus And AST SpaceMobile Sign A Commercial Agreement To Bring Space-Based Cellular Broadband Service To Places It's Never Reached Before Across Canada

TELUS Corporation ("TELUS") (TSX:T); (NYSE:TU), a world-leading communications technology company, and AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for commercial and government applications, have 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.