TELUS Corporation (TU,T.TO), a communications technology company, and AST SpaceMobile, Inc. (ASTS), a space-based cellular broadband network company, have signed a commercial deal to provide space-based cellular broadband services to the remote locations across Canada.
With this, TELUS will invest in ground-based satellite infrastructure and become an equity shareholder in AST SpaceMobile.
TELUS customers will be able to send texts, make calls, and use data in Canada's most remote places using the smartphones they already own without special equipment.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.