- Deutsche Telekom, Orange, Telefónica and Vodafone signed a Letter of Intent to explore a joint bid for Mobile Satellite Services spectrum in Europe.
- AST SpaceMobile will provide satellite technology, spectrum capabilities and European-operated ground infrastructure through its Satellite Connect Europe joint venture, linking BlueBird satellites to operator core networks.
- The collaboration targets coverage across Europe's over 500 million mobile subscribers and extends service to standard, unmodified smartphones.
- ASTS shares rose 3.5% on the announcement.
Quotes
“expected to accelerate network integration, improve the customer experience and extend coverage into areas without reliable mobile connectivity”