NasdaqGS:ASTSTelecom
AST SpaceMobile TELUS Deal Highlights Commercial Shift And Valuation Tension
AST SpaceMobile (NasdaqGS:ASTS) has signed a commercial agreement with TELUS to deliver space based cellular broadband to remote parts of Canada.
The deal includes TELUS investing in AST SpaceMobile's satellite infrastructure and taking an equity stake in the company.
AST SpaceMobile reports that it has moved from an R&D focus to commercial operations, with new satellite deployments and contracts across commercial and defense customers.
For investors watching NasdaqGS:ASTS, this update...