AST SpaceMobile (ASTS) “commends” the announcement by AT&T (T), T-Mobile (TMUS), and Verizon (VZ) to form a joint venture to extend mobile connectivity for wireless customers by using satellite-based, direct-to-service technologies. The proposed collaboration by the three largest U.S. mobile network operators is expected to accelerate the technical integration, enhance coverage and help eliminate dead zones across the United States in partnership with the entire wireless industry. “AST SpaceMobile is happy to see how the industry is preparing to enable space-based cellular broadband connectivity to every American,” commented Abel Avellan, AST SpaceMobile’s Chairman and Chief Executive Officer. “We plan to be a key enabler of this transformation as we continue to grow our global network in low Earth orbit and expand available spectrum to our network.”
Claim 55% Off TipRanks
New trading tool for ASTS bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTS:
- AST SpaceMobile initiated with a Neutral at New Street
- AST SpaceMobile Balances Bold Growth With Rising Risks
- AST SpaceMobile price target raised to $108 from $82.50 at Roth Capital
- Morning News Wrap-Up, 5/12/26: Today’s Biggest Stock Market Stories!
- AST SpaceMobile Stock Dives 13% after Missing Sales Estimates Despite Future Optimism