AST SpaceMobile Achieves Space-Based 5G Cellular Broadband Connectivity From Everyday Smartphones
Portfolio Pulse from Benzinga Newsdesk
AST SpaceMobile (NASDAQ:ASTS) has successfully achieved space-based 5G cellular broadband connectivity from everyday smartphones. This was accomplished using the BlueWalker 3 test satellite in collaboration with partners Vodafone, AT&T, and Nokia. The company plans to launch the first five commercial satellites in Q1 2024. AST SpaceMobile has agreements with more than 40 mobile network operators globally, which have approximately 2.4 billion existing subscribers total.
September 19, 2023 | 12:38 pm
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POSITIVE IMPACT
AST SpaceMobile's successful 5G connectivity test and plans for commercial satellite launch in Q1 2024 could potentially boost investor confidence and stock price.
The successful 5G test demonstrates AST SpaceMobile's technological capabilities and potential for growth. The planned satellite launch in Q1 2024 indicates the company's progress towards its goals. These factors could attract more investors, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nokia's partnership with AST SpaceMobile in achieving space-based 5G connectivity could enhance its reputation and potentially have a positive impact on its stock price.
Nokia's involvement in the successful 5G test showcases its commitment to innovation and could enhance its reputation in the telecom industry. This could potentially attract more investors, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AT&T's partnership with AST SpaceMobile in achieving space-based 5G connectivity could enhance its reputation and potentially have a positive impact on its stock price.
AT&T's involvement in the successful 5G test showcases its commitment to innovation and could enhance its reputation in the telecom industry. This could potentially attract more investors, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Vodafone's collaboration with AST SpaceMobile in achieving space-based 5G connectivity could strengthen its market position and potentially have a positive impact on its stock price.
Vodafone's involvement in the successful 5G test demonstrates its commitment to technological advancement and could strengthen its market position. This could potentially attract more investors, leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70