AST SpaceMobile Inc. (NASDAQ:ASTS) is likely one of the Double-Digit Winners: 10 Stocks Crushing The Market.
AST SpaceMobile rallied by 19.7 p.c week-on-week, from $38.37 to $45.94, after bagging a take care of Vodafone Thought to develop cellular connectivity throughout India’s unconnected areas.
In a press release, AST SpaceMobile and Vodafone Thought are set to develop a SpaceMobile Satellite tv for pc System that can develop the latter’s telecom companies, similar to voice, video, knowledge streaming, and web entry.
The partnership will even cowl the event and administration of the satellite tv for pc constellation, whereas Vodafone Thought will oversee terrestrial community integration, working spectrum, and market entry.
An aerial view of a communications satellite tv for pc in orbit, beaming its sign right down to Earth.
“[Vodafone Idea] has at all times been dedicated to leveraging expertise to attach each Indian and we see satellite tv for pc communication as a complement to terrestrial connectivity. As satellite-based cellular entry turns into a actuality in India, we’re trying ahead to ushering in a brand new period of seamless and resilient connectivity,” mentioned Avneesh Khosl,a Chief Advertising and marketing Officer.
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