AST SpaceMobile Shares Rise 6.76%
AST SpaceMobile shares rose 6.76%. European carriers Deutsche Telekom, Orange, Telefónica and Vodafone signed a letter of intent to explore a joint Mobile Satellite Service.
AST SpaceMobile (NASDAQ: ASTS), which is developing a satellite-to-phone network, rose 6.76% to $43.41 at 11.55 a.m. ET on October 19, as European carriers push for spectrum. Deutsche Telekom, Orange, Telefonica and Vodafone signed a letter of intent to explore a joint Mobile Satellite Service…