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Investment Summary

AT&T, Vodafone Group and Google Invest In AST SpaceMobile

On January 18, 2024, AT&T, Vodafone Group and Google invested in communications company AST SpaceMobile

Investment Highlights
  • This is AT&T’s 19th, Vodafone Group’s 9th and Google’s 4th transaction in the Communications sector.
  • This is AT&T’s 32nd, Vodafone Group’s 2nd and Google’s 175th transaction in the United States.
  • This is AT&T’s 3rd, Vodafone Group’s 1st and Google’s 4th transaction in Texas.

Investment Summary
Date 2024-01-18
Target AST SpaceMobile
Sector Communications
Investor(s) AT&T
Vodafone Group
Google
Deal Type PIPE
Advisor(s) UBS Investment Bank
Barclays Investment Bank
Quilty Space (Financial)
Sullivan & Cromwell (Legal)

Target

AST SpaceMobile

Midland, Texas, United States
AST SpaceMobile is a builder of a global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile was founded in 2017 and is based in Midland, Texas.

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Investor(S) 3

Investor

AT&T

Dallas, Texas, United States
Category Company
Founded 1983
Sector Communications
Employees140,990
Revenue 122.3B USD (2024)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 37 of 37
Sector (Communications) 19 of 19
Type (PIPE) 1 of 1
State (Texas) 3 of 3
Country (United States) 32 of 32
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 WMS

Miramar, Florida, United States

WMS is a provider of maritime cellular networks, supporting the cruise, ferry, yacht and shipping industries worldwide. WMS was founded in 2005 and is headquartered in Miramar, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-07 AT&T - Spectrum licenses

Dallas, Texas, United States

AT&T 's Spectrum licenses include 1,250 million MHz-Pops of 3.45 GHz and 331 million MHz-Pops of 700 MHz B/C block licenses. AT&T 's Spectrum licenses are based in Dallas, Texas.

Sell $1.0B
Investor

Vodafone Group

Newbury, United Kingdom
Category Company
Founded 1984
Sector Communications
Employees93,000
Revenue 36.7B EUR (2024)
DESCRIPTION

Vodafone Group is a multinational telecommunications company. Vodafone operates networks in 21 countries and provides communications and IT services to corporate clients in over 65 countries. Vodafone Group was founded in 1984 and is based in Newbury, the United Kingdom.

DEAL STATS #
Overall 10 of 10
Sector (Communications) 9 of 9
Type (PIPE) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Vodafone New Zealand

Auckland,, New Zealand

Vodafone New Zealand Limited provides telecommunication services and also offers mobile, broadband, and TV services. The quality and availability of its networks have a direct bearing on New Zealand's competitiveness and future growth prospects.

Sell NZ$3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Vodafone Italia

Ivrea, Italy

Vodafone Italia provides telecommunication services and also offers mobile, broadband, and TV services. Vodafone Italia is based in Ivrea, Italy.

Sell €8.0B
Investor

Google

Mountain View, California, United States
Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 350.0B USD (2024)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.

DEAL STATS #
Overall 223 of 225
Sector (Communications) 4 of 4
Type (PIPE) 1 of 1
State (Texas) 4 of 4
Country (United States) 175 of 177
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Alter

New York City, New York, United States

Alter is an open-source, cross-platform SDK consisting of a real-time 3D avatar system and motion capture built from scratch for web3 interoperability and the open metaverse. With Alter, developers can easily pipe avatars into their app, game or website. Alter was formed in 2017 and is based in New York City.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Cameyo

Cary, North Carolina, United States

Cameyo is a cloud-native Virtual App Delivery (VAD) platform that enables the secure delivery of all of your business-critical applications to any device from the browser without the need for virtual desktops or VPNs. Cameyo was formed in 2018 and is headquartered in Cary, North Carolina.

Buy -
Mergr

Product

Company

Legal