AST SpaceMobile (ASTS) is jumping 15% after the company disclosed that the Federal Communications Commission had given the company permission to test the ability of its satellites to provide cellular broadband service.

More About the FCC's Decision

As a result of the FCC's determination, AST will be able to evaluate its satellites' ability to power unmodified smartphones in the spectrum of Verizon (VZ) and AT&T (T). The testing, which will be done in partnership with VZ and T, will take place in the U.S. Among the services expected to be provided by AST's satellites, without any extraordinary software, are voice, full data, and video.

A satellite in the night sky, glimmering with the promise of aerospace exploration.

AST is seeking to provide full cellular coverage in the U.S. with its Block 1 BlueBird satellites.

Vodafone Makes Historic Video Call Using AST's Satellites

On Jan. 28, UK telecom giant Vodafone (VOD) reported that it had made the "first space video call using normal 4G/5G smartphones and satellites." It made the call using a service enabled by AST's satellites. VOD is looking to launch the service commercially in Europe at the end of this year.

The Recent Price Action of AST Stock

In the last month, the shares have fallen 14%, while they are down 13% in the last three months.

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Disclosure: None. This article is originally published at Insider Monkey.