AST SpaceMobile (ASTS) Is Up 8.9% After Landmark stc Deal for Direct-to-Device Satellite Connectivity

By Yahoo! Finance | 1 month ago

STC Group and AST SpaceMobile signed a 10-year commercial agreement for satellite mobile connectivity in the Middle East and Africa, with a $175 million prepayment. This partnership boosts AST SpaceMobile's global reach and business prospects. Shareholders must consider execution risks despite positive market anticipation.

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