AST Spacemobile (ASTS) jumps 19.7% w/w with Vodafone trading
AST Spacemobile Inc. (NASDAQ:ASTS) is one of them Double-digit winner: 10 shares crushing the market.
AST Spacemobile rallyed from 19.7% a week for two weeks, from $38.37 to $45.94 after winning deals with Vodafone’s idea to expand mobile connectivity across India’s unearned regions.
In the statement, the idea of AST Spacemobile and Vodafone is set up to develop Spacemobile satellite systems that extend the latter communication services, such as voice, video, data streaming, and Internet access.
The partnership also covers the development and management of satellite constellations, while Vodafone’s ideas oversee terrestrial network integration, operational spectrum, and market access.
An aerial view of a communications satellite in orbit illuminates its signal to the Earth.
“(Vodafone Idea) is constantly committed to leveraging technology that connects all Indians, and we see satellite communication as complementary to ground connectivity. As satellite-based mobile access becomes a reality in India, we look forward to a new era of seamless, re-release connections.”
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Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.
Disclosure: None. This article was originally published Insider Monkey.