ASTS Stock Eases After 3-Day Run: FCC Opens Door For Direct Phone-To-Satellite Connectivity Using 800 MHz Spectrum
Shares of AST SpaceMobile (ASTS) rose as much as 1% overnight late Wednesday before reversing gains after the Federal Communications Commission (FCC) approved a T-Mobile-Grain spectrum swap that could create a new path for satellite-to-phone services using valuable 800 MHz airwaves.ASTS stock has s…