AST SpaceMobile enters non-binding MoU with TIM

AST SpaceMobile (ASTS) announced the signing of a non-binding memorandum of understanding with TIM (TIMB) with the aim of increasing the scope of cellular connectivity and bringing space-based coverage to Brazil. The MoU would also support testing of AST SpaceMobile’s space-based technologies by TIM for providing 4G data and voice services in Brazil. TIM’s first technical tests and initial evaluation of AST SpaceMobile’s planned solution are expected to take place in Brazil’s North and Northeastern regions, aiming for the first half of 2023, subject to various factors, including obtaining regulatory approval.