Why AST SpaceMobile Stock Popped on Monday
Direct-to-cell satellite communications company AST SpaceMobile (NASDAQ: ASTS) enjoyed a modest share price boost Monday after announcing it has secured “up to 45 MHz of Premium Lower Mid-Band Spectrum in the United States” from privately held Ligado Networks.
AST stock is up 3.2% through noon ET.
AST currently has rights to low-band spectrum, “which offers superior penetration and coverage characteristics” for its satellites, permitting ordinary, off-the-shelf cellphones to call each other directly via its satellites — just like specialized satellite phones.
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