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- Reuters
AST SpaceMobile shares take off after it announces Verizon partnership
AST SpaceMobile shares jumped more than 70% on Wednesday and hit their highest level since November 2022 after the satellite communication company announced a new direct-to-cellular tie-up with Verizon Communications. The two companies early Wednesday announced the partnership, which AST SpaceMobile said would allow it to target 100% coverage of the continental United States from space on premium 850 MHz cellular spectrum. Verizon is committing $100 million to the partnership.
- Barrons.com
AST SpaceMobile Stock Rockets Toward Best Month on Record After Verizon Deal
The cellular broadband network provider have surged, boosted by recent deals with Verizon Communications and AT&T.
- Benzinga
What's Going On With AST SpaceMobile Stock On Wednesday?
AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading higher after the company announced a partnership with Verizon Communications Inc (NYSE:VZ) to provide Verizon customers with direct-to-cellular AST SpaceMobile service when needed. The deal involves a commitment of $100 million from Verizon, including $65 million of commercial prepayments, $45 million of which are subject to earnout, and $35 million of convertible notes. “This new partnership with Verizon will enable AST SpaceMobile to targe
