Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
01.29.24
Pillsbury advised AT&T in its participation in the recent $155 million fundraising for AST SpaceMobile—a company building the first and only space-based cellular broadband network accessible directly by everyday smartphones.
AT&T participated as a new investor, along with Google, and both companies expanded their strategic and commercial ties to support the buildout of the SpaceMobile network. Existing investor Vodafone also participated in the financing.
Working to be the solution for eliminating cellular connectivity gaps around the world, the fundraising is intended to support the commercial roll-out of AST SpaceMobile’s network, according to a company press release.
To learn more about the transaction, click here.
The Pillsbury deal team included Corporate partners Paul Casas and Jarrod Murphy, Capital Markets partner Stephen Ashley, Communications partner Glenn Richards, Finance partner Michael Reese, Corporate senior associate Larissa Roche and Capital Markets associate Mackenzie Pantoja.