🟢 AST SpaceMobile is trading 4.01% up today as European operators explore joint satellite-spectrum bid

AST SpaceMobile is trading 4.01% up at $42.29 after welcoming an exploratory letter of intent from Deutsche Telekom, Orange, Telefónica and Vodafone to explore a joint bid for European mobile satellite services spectrum.

• The proposal supports AST SpaceMobile’s regional network plans.
• The operators have not committed to an award, and Reuters reports they plan to select a satellite partner separately.