ASTS News & Events

Roth Capital views the joint venture between AT&T (T), T-Mobile (TMUS) and Verizon (VZ) to address direct-to-device coverage gaps as a win for AST SpaceMobile (ASTS). While AST was not named in the release, the company is publicly supporting the action and has existing strategic partnerships and investments with AT&T and Verizon, the analyst tells investors in a research note. Roth believes the new venture opens the door for AST with T-Mobile and "appears to be a Tier 1 shot across the Starlink D2D bow." Shares of AST are up 3%, or $2.17, to $76.98 in morning trading.

AST SpaceMobile (ASTS) "commends" the announcement by AT&T (T), T-Mobile (TMUS), and Verizon (VZ) to form a joint venture to extend mobile connectivity for wireless customers by using satellite-based, direct-to-service technologies. The proposed collaboration by the three largest U.S. mobile network operators is expected to accelerate the technical integration, enhance coverage and help eliminate dead zones across the United States in partnership with the entire wireless industry. "AST SpaceMobile is happy to see how the industry is preparing to enable space-based cellular broadband connectivity to every American," commented Abel Avellan, AST SpaceMobile's Chairman and Chief Executive Officer. "We plan to be a key enabler of this transformation as we continue to grow our global network in low Earth orbit and expand available spectrum to our network."