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Vodafone and AST SpaceMobile Sign Agreement to Create European Direct-To-Device Satellite Service Provider

1. AST SpaceMobile and Vodafone to create a joint satellite service in Europe. 2. The partnership aims to enhance cellular broadband accessibility via space technology.

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FAQ

Why Bullish?

This agreement signifies a strategic alliance that could drive revenue growth. Historical partnerships in tech, like Google and SpaceX's Starlink, led to favorable market responses.

How important is it?

The collaboration with Vodafone could significantly enhance ASTS's market presence and revenue potential within European markets, likely increasing investor interest.

Why Long Term?

The full impact of this partnership will take time as satellite services are developed and implemented. Similar long-term projects often show gradual market confidence and price appreciation.

Related Companies

VOD
NEWBURY, England & MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--Vodafone Group Plc (Vodafone) (LSE: VOD), a leading European and African telecommunications company, and AST SpaceMobile Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government application, have signed an agreement to create a jointly-owned European satellite service business (“SatCo”) to serv.

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