Brazil Regulator Grants 30 MHz S-Band Spectrum, Four Operator Deals Signed
ASTS is trading near its 52-week low of $36.72 (9.9% above the low).
Summary
Brazil's telecom regulator Anatel approved 30 MHz of S-band spectrum plus secondary use of up to 20 MHz in the 700 MHz band, and AST signed agreements with four regional mobile operators. The company also plans four ground gateways in Brazil to link its BlueBird satellites to terrestrial networks. This is a real regulatory step for the direct-to-device model, but it is one country in a global rollout that still depends on satellite deployment and network integration before commercial service. The stock is up only about 1% on the news and sits well below its 20-day, 50-day and 200-day moving averages, so the market is not treating this as a thesis-changer yet. Q3 earnings on Nov. 9, with consensus at a $0.41 loss per share on $46.30 million in revenue, is the next hard checkpoint.
At the time of this announcement, ASTS was trading at $40.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $15.7B. The 52-week trading range was $36.72 to $133.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.