Why AST SpaceMobile Stock Popped on Monday

Direct-to-cell satellite communications company AST SpaceMobile (NASDAQ: ASTS) enjoyed a modest share price boost Monday after announcing it has secured "up to 45 MHz of Premium Lower Mid-Band Spectrum in the United States" from privately held Ligado Networks. AST stock is up 3.2% through noon ET.AST currently has rights to low-band spectrum, "which offers superior penetration and coverage characteristics" for its satellites, permitting ordinary, off-the-shelf cellphones to call each other directly via its satellites -- just like specialized satellite phones.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool