AST SpaceMobile Shares Rise After Long-Term Deal With Vodaphone

Dow Jones12-09

By Chris Wack

AST SpaceMobile shares were up 11% after the company said it signed a long-term commercial agreement with Vodafone Group.

The space-based cellular broadband network company said this agreement establishes the framework for Vodafone to offer space-based cellular broadband connectivity in its home markets, as well as to other operators via its Partner Markets program.

Vodafone has made investments in AST SpaceMobile since 2018, and is a technology partner in AST SpaceMobile's development.

Vodafone has placed an order for AST SpaceMobile's first Block 1 BlueBird communications array.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 09, 2024 10:28 ET (15:28 GMT)

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