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AST SpaceMobile Stock Surges 11% on Verizon Satellite Deal
AST SpaceMobile Stock Surges 11% on Verizon Satellite Deal
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BTCCSquare news:
AST SpaceMobile shares jumped over 11% following a landmark agreement with Verizon Communications to provide direct-to-device satellite connectivity across the U.S. The partnership leverages low Earth orbit satellites to extend coverage beyond traditional cell towers, targeting service launch by 2026.
The deal marks AST's second major U.S. carrier partnership after AT&T, positioning the company at the forefront of satellite-to-smartphone technology. Market demand for reliable remote coverage continues driving adoption of alternative connectivity solutions.
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