AST SpaceMobile (ASTS) Jumps to Fresh High on New Deal with Canadian Firm

We recently published 10 Stocks With Double-Digit Upsides. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the top performers on Thursday.

AST SpaceMobile soared to a new all-time high on Thursday, after clinching an expanded partnership with Canadian firm Bell for the rollout of direct-to-cell satellite services next year.

In intra-day trading, AST SpaceMobile, Inc. (NASDAQ:ASTS) hit its highest 52-week price of $66.83 before trimming gains to close the day just up by $16.19 percent at $66.16 apiece.

This followed a report that AST SpaceMobile, Inc. (NASDAQ:ASTS) and Bell partnered to provide connectivity to the most rural and challenging geographies in Canada, as global space companies race to sign customers and major deals with cell carriers.

“What we’re intending to do in 2026 is start rolling out the service, and we would expect customer trials in that period,” Bell said.

The two firms kicked off their partnership when Bell’s subsidiary, Bell Ventures, invested in AST SpaceMobile, Inc. (NASDAQ:ASTS) in 2021.

Over the summer, Bell ran a successful test connecting a standard smartphone to a BlueBird satellite owned by AST SpaceMobile, Inc. (NASDAQ:ASTS), and demonstrated video calling, broadband data, instant messaging and emergency alerts.

According to the Canadian firm, AST SpaceMobile, Inc.’s (NASDAQ:ASTS) satellite service relies on lower spectrum bands, which enables a stronger and more reliable signal.

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