AST SpaceMobile Gains 5% as Joint European Satellite Spectrum Bid Comes Into Focus

Key TakeawaysAST SpaceMobile shares rose 5% today after Deutsche Telekom, Orange, Telefonica and Vodafone signed a Letter of Intent to explore a joint bid for European satellite spectrum. The carriers haven’t chosen a satellite partner, but AST already works with all four and looks like the likeliest choice.