AST SpaceMobile surged 19.7% after securing a deal with Vodafone to enhance mobile connectivity in India.

From Yahoo Finance: 2025-06-22 15:00:00

AST SpaceMobile Inc. (NASDAQ: ASTS) surged 19.7% week-on-week to $45.94 after securing a deal with Vodafone Idea to enhance mobile connectivity in unconnected regions of India. The partnership aims to develop a SpaceMobile Satellite System to expand telecom services like voice, video, data streaming, and internet access.

Vodafone Idea plans to collaborate with AST SpaceMobile to develop and manage the satellite constellation, while overseeing terrestrial network integration, operating spectrum, and market access. The Chief Marketing Officer expressed excitement about introducing satellite-based mobile access in India for seamless and resilient connectivity. The potential of ASTS as an investment is recognized, but some AI stocks may offer higher returns with limited downside risk. Explore the best short-term AI stock for investment opportunities.

Read more: AST SpaceMobile (ASTS) Jumps 19.7% W/W on Vodafone Deal