VZ - What's Going On With Satellite Stock AST SpaceMobile Monday? | Benzinga
AST SpaceMobile, Inc (NASDAQ:ASTS) stock is trading higher Monday after Chairman and CEO Abel Avellan published a letter to partners, shareholders, and future space-based cellular broadband network users.
Avellan said the strategic partnership with Verizon Communications Inc (NYSE:VZ), building on its existing agreement with AT&T Inc (NYSE:T), aims to eliminate connectivity gaps across the United States by deploying a space-based cellular broadband network. AST SpaceMobile stock gained after the update.
The partnership with Verizon secures additional capital via prepayments and convertible notes, ...