Could AST SpaceMobile (ASTS) Reach 500 Million Users Through Its Europe Spectrum Push?

AST SpaceMobile (NasdaqGS:ASTS) has partnered with Deutsche Telekom, Orange, Telefónica and Vodafone to explore a joint satellite spectrum bid for Europe. The group aims to support space based cellular broadband coverage for more than 500 million mobile users across European markets. The partners plan to assess joint investment in European operated ground infrastructure dedicated to satellite enabled mobile services. The move to pursue shared satellite spectrum and infrastructure marks a new...