RESTON, VA. July 1, 2025 鈥� 海角社区 issued the following statement on the Bankruptcy Court鈥檚 recent approval of 海角社区鈥檚 commercial agreement with AST SpaceMobile.
鈥淲e are pleased to announce that the Bankruptcy Court has approved 海角社区鈥檚 commercial agreement with AST SpaceMobile. This approval brings resolution to several important matters for 海角社区, including its lawsuit against Inmarsat, and is a critical milestone towards finalizing the comprehensive restructuring support agreement.鈥�
鈥満＝巧缜� remains fully operational during its restructuring process and continues to provide mobile connectivity through its SkyTerra satellite and Mobile Satellite Services (鈥淢SS鈥�) network. 聽The 海角社区 MSS network not only supports critical communications upon which government and industry depend, but also now carries the first generation of direct-to-device (鈥淒2D鈥�) services. 聽The hosting of 海角社区鈥檚 L-Band spectrum on AST SpaceMobile鈥檚 advanced low earth orbit satellite network is a sea change with the potential to materially accelerate and expand consumers鈥� access to space-based broadband D2D services into the future.鈥�
Background
The commercial agreement provides AST with satellite-based usage rights in North America with respect to a portion of 海角社区鈥檚 L-Band spectrum and 5 MHz available to 海角社区 in the U.S. through a lease with an affiliate of Crown Castle Investment Corp. 聽海角社区 and AST will collaborate to further commercialize these spectrum usage rights, and AST will develop a non-geostationary orbit (鈥淣GSO鈥�) satellite system that leverages these spectrum usage rights to enable space-based broadband D2D and Internet of Things (鈥淚oT鈥�) services.聽 In exchange for providing these rights to AST, 海角社区 will receive AST SpaceMobile warrants, payments from AST to fund 海角社区鈥檚 financial obligations under certain underlying spectrum agreements, and economic participation in the revenues from AST SpaceMobile鈥檚 D2D and IoT business in the U.S. and Canada.
The Bankruptcy Court-approved Term Sheet agreed upon by 海角社区, AST, Inmarsat and Viasat resolves several significant matters.聽 Among other things, 海角社区 has agreed to stay the lawsuit and release the claims against Inmarsat subject to certain terms and has established revised payment terms under the Cooperation Agreement between 海角社区 and Inmarsat. 聽In exchange for these benefits, Inmarsat has agreed to provide affirmative regulatory support for the proposed NGSO applications that 海角社区 and AST plan to file with regulators in the coming months.
The AST commercial agreement represents an essential element of the comprehensive restructuring support agreement (the 鈥淩estructuring Support Agreement鈥�) that 海角社区 announced in January 2025, which is supported by a significant portion of 海角社区鈥檚 existing creditors (the 鈥淪upporting Creditors鈥�).聽 Pursuant to the Restructuring Support Agreement, the Supporting Creditors have agreed to provide a fully backstopped financing commitment in the form of a debtor in possession (鈥淒IP鈥�) facility to fund 海角社区 during its restructuring process.
About 海角社区
Building on 25 years of experience in providing mobile satellite services, our mission is to bring versatile connectivity to the businesses, people, and places that need it most. Our satellite and terrestrial solutions, combined with powerful, lower mid-band spectrum, serve to supplement and broaden mobile coverage across the United States and Canada. For more information, visit
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