AST SpaceMobile Collaborates With Orange

AST SpaceMobile Inc ASTS has entered a non-binding memorandum of understanding with Orange SA ORAN.
The companies will examine the opportunity for Orange to test the SpaceMobile service in one African country, following AST SpaceMobile's planned launch of BlueWalker 3.
BlueWalker 3 is ASTS's test satellite with an aperture of 693 square feet, designed to communicate directly with cell phones via 3GPP standard frequencies.
The arrangement also allows the two companies to discuss a potential agreement to serve Orange subscribers through AST SpaceMobile's planned network of BlueBird satellites.
Price Action: ASTS shares are trading lower by 1.62% at $10.31 and ORAN higher by 0.76% at $11.89 on the last check Friday.