By Chris Wack
AST SpaceMobile shares were up 11% after the company said it signed a long-term commercial agreement with Vodafone Group.
The space-based cellular broadband network company said this agreement establishes the framework for Vodafone to offer space-based cellular broadband connectivity in its home markets, as well as to other operators via its Partner Markets program.
Vodafone has made investments in AST SpaceMobile since 2018, and is a technology partner in AST SpaceMobile's development.
Vodafone has placed an order for AST SpaceMobile's first Block 1 BlueBird communications array.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 09, 2024 10:28 ET (15:28 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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