Why AST SpaceMobile Stock Popped on Monday
Portfolio Pulse from
AST SpaceMobile's stock rose after securing up to 45 MHz of Premium Lower Mid-Band Spectrum in the US from Ligado Networks.
January 06, 2025 | 6:30 pm
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AST SpaceMobile's stock increased due to the acquisition of up to 45 MHz of Premium Lower Mid-Band Spectrum in the US, enhancing its direct-to-cell satellite communications capabilities.
The acquisition of spectrum is a significant asset for AST SpaceMobile, likely to enhance its service offerings and market position, leading to a positive short-term impact on its stock price.
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