ASTS Shares Slip 2% as Viasat Urges FCC to Reject Spectrum Bid
Viasat urged U.S. regulators to reject AST SpaceMobile’s request for additional overseas spectrum, citing interference risks and challenging the eligibility of some proposed frequencies. ASTS rose nearly 3% Monday to $41.87.
AST SpaceMobile (ASTS) shares fell 2% overnight into Tuesday after Viasat asked U.S. regulators to reject the company’s request for more overseas spectrum. Viasat cited interference risks and questioned whether some of the proposed frequencies qualify. ASTS shares rose nearly 3% on Monday, reaching $41.87.