Latest news with #AvneeshKhosla
Yahoo
22-06-2025
- Business
- Yahoo
AST SpaceMobile (ASTS) Jumps 19.7% W/W on Vodafone Deal
AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the . AST SpaceMobile rallied by 19.7 percent week-on-week, from $38.37 to $45.94, after bagging a deal with Vodafone Idea to expand mobile connectivity across India's unconnected regions. In a statement, AST SpaceMobile and Vodafone Idea are set to develop a SpaceMobile Satellite System that will expand the latter's telecom services, such as voice, video, data streaming, and internet access. The partnership will also cover the development and management of the satellite constellation, while Vodafone Idea will oversee terrestrial network integration, operating spectrum, and market access. An aerial view of a communications satellite in orbit, beaming its signal down to Earth. '[Vodafone Idea] has always been committed to leveraging technology to connect every Indian and we see satellite communication as a complement to terrestrial connectivity. As satellite-based mobile access becomes a reality in India, we are looking forward to ushering in a new era of seamless and resilient connectivity,' said Avneesh Khosl,a Chief Marketing Officer. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-06-2025
- Business
- Yahoo
AST SpaceMobile (ASTS) Jumps 10.6% on Vodafone Deal
We recently published a list of These 10 Stocks Boast Double-Digit Gains Amid Boring Market. AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the best-performing stocks on Thursday. AST SpaceMobile rallied by 10.6 percent on Wednesday to close at $44.35 apiece as investors cheered its partnership with Vodafone Idea (Vi) to expand mobile connectivity across India's unconnected regions. In a statement, AST SpaceMobile and Vi will join forces for the establishment of SpaceMobile Satellite System that will expand the latter's telecom services including voice, video, data streaming, and internet access. Under the agreement, AST SpaceMobile Inc. (NASDAQ:ASTS) will develop and manage the satellite constellation while Vi will oversee terrestrial network integration, operating spectrum, and market access. An aerial view of a communications satellite in orbit, beaming its signal down to Earth. 'Vi has always been committed to leveraging technology to connect every Indian and we see satellite communication as a complement to terrestrial connectivity. As satellite-based mobile access becomes a reality in India, we are looking forward to ushering in a new era of seamless and resilient connectivity,' said Avneesh Khosla Chief Marketing Officer. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
19-06-2025
- Business
- Business Standard
Vodafone Idea share price rises 2% on inking pact with AST SpaceMobile
Vodafone Idea shares surged following the announcement of a strategic partnership with AST SpaceMobile Inc. aimed at expanding mobile connectivity across India's most remote & unconnected regions. SI Reporter New Delhi Vodafone Idea share price: Vodafone Idea (Vi) shares were buzzing in trade on Thursday, June 19, 2025, with the stock rising up to 2.43 per cent to hit an intraday high of ₹6.72 per share. At 9:36 AM, Vodafone Idea share price was trading 0.30 per cent higher at ₹6.58 per share. In comparison, BSE Sensex was trading flat with a positive bias at 81,457 levels. What sparked the up move in Vodafone Idea share price today? Vodafone Idea shares surged today following the announcement of a strategic partnership with AST SpaceMobile Inc. aimed at expanding mobile connectivity across India's most remote and unconnected regions. 'AST SpaceMobile made history by placing the first ever voice and video call from space using a standard mobile phone, a milestone that demonstrates the real world viability of its advanced technology,' Vodafone Idea highlighted, in a statement. India, home to over 1.1 billion mobile subscribers, remains one of the most dynamic telecom markets globally. While 4G is widespread and 5G is growing, large parts of the country still struggle with mobile access due to challenging terrains. Satellite communication is expected to play a crucial complementary role in bridging these coverage gaps. "India, with its vast and dynamic telecom market, is the ideal place to demonstrate how our space-based cellular broadband can seamlessly complement terrestrial networks," said Chris Ivory, chief commercial officer, AST SpaceMobile. The partnership will integrate Vi's national mobile network with AST SpaceMobile's space-based cellular broadband, which connects directly to everyday smartphones—without requiring any additional software, device changes, or updates. "Vi has always been committed to leveraging technology to connect every Indian and we see satellite communication as a complement to terrestrial connectivity. As satellite-based mobile access becomes a reality in India, we are looking forward to ushering in a new era of seamless and resilient connectivity," said Avneesh Khosla, Chief Marketing Officer, Vi. ALSO READ | Aligned with the goals of the Digital India initiative, the collaboration will focus on the design, deployment, and launch of a satellite-based broadband system. AST SpaceMobile will develop and manage the satellite constellation, while Vodafone Idea will oversee terrestrial network integration, spectrum operations, and market access. Ivory added, "We are not just expanding coverage; we are breaking down barriers to connectivity, enabling everyday smartphones to access 4G and 5G directly from space. Together with Vodafone Idea, we are excited to unlock new possibilities for emergency response, disaster management, agriculture, remote learning, and countless other applications that will benefit from truly ubiquitous mobile broadband." The collaboration is set to position India at the forefront of global space tech innovation, while also enabling Vi and AST SpaceMobile to develop commercial solutions across consumer, enterprise, and IoT sectors. About Vodafone Idea Vodafone Idea Limited is among the leading telecom service providers in India, formed through a partnership between the Aditya Birla Group and Vodafone Group. With a robust spectrum portfolio—including mid-band 5G spectrum in 17 circles and mmWave spectrum in 16 circles—Vodafone Idea is committed to meeting the growing demand for mobile connectivity. technologies, offering innovative solutions for both retail and enterprise customers.
Time of India
19-06-2025
- Business
- Time of India
Vodafone Idea shares in focus after satellite connectivity tie-up with AST SpaceMobile
Shares of Vodafone Idea (Vi) will be in focus on Thursday, June 19, after the company announced a strategic partnership with AST SpaceMobile to deliver satellite-based connectivity services in India. In a press release filed with the stock exchanges, Vodafone Idea disclosed its collaboration with AST SpaceMobile, a US-based Nasdaq-listed company building the world's first space-based cellular broadband network accessible directly by standard mobile phones. The partnership aims to bring Direct-to-Device (D2D) satellite broadband connectivity to India, supporting the government's Digital India initiative and its vision of universal mobile access. The initiative is particularly focused on enhancing connectivity in India's remote and underserved regions. Under the agreement, Vi's national telecom infrastructure will be integrated with AST SpaceMobile's satellite technology, which enables standard mobile phones to connect directly to satellites—without the need for special hardware or software modifications. The two companies will collaborate on the SpaceMobile Satellite System to deliver voice, video, data streaming, and internet services through this satellite-powered network. AST SpaceMobile, which previously made headlines for enabling the first-ever voice and video call from space using a standard mobile phone, will be responsible for the design, manufacturing, and deployment of the satellite constellation. Vodafone Idea will oversee terrestrial network integration, spectrum operations, and ensure market access within India. Also read: As returns fade, Aswath Damodaran lays out 4 red flags about alternative investments The partnership is seen as a step that could redefine connectivity in rural and hard-to-reach areas, while also unlocking commercial opportunities across consumer, enterprise, and IoT segments. It reinforces India's position at the forefront of global space-tech innovation. 'Vi has always been committed to leveraging technology to connect every Indian, and we see satellite communication as a complement to terrestrial connectivity. As satellite-based mobile access becomes a reality in India, we look forward to ushering in a new era of seamless and resilient connectivity,' said Avneesh Khosla, Chief Marketing Officer of Vi. On Wednesday, Vodafone Idea shares closed 0.8% lower at Rs 6.56 on the BSE. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
18-06-2025
- Business
- Time of India
Vodafone Idea connects with AST to foray into satcom services
New Delhi: Vodafone Idea (Vi) has become India's third telecom operator after Reliance Jio and Bharti Airtel to join the fray for starting broadband-from-space services, tying up with US-based AST SpaceMobile for offering direct-to-device satellite broadband connectivity in the country. Vi said, in a joint statement on Wednesday, that the space-based cellular broadband ecosystem will be designed to expand its telecom services of terrestrial connectivity, providing voice, video, data streaming and internet access. "It will encompass the design, implementation and launch of this system wherein AST SpaceMobile will develop, manufacture and manage the satellite constellation and Vi will oversee terrestrial network integration, operating spectrum and market access," it said. The telco will be pitched against not just its two bigger domestic rivals but also Elon Musk-owned Starlink and Amazon's Kuiper in India's nascent satcom market with high growth potential. Nasdaq-listed AST SpaceMobile is building a constellation of low earth orbit (LEO) satellites that connect directly with standard mobile phones, without the need for specialised equipment. UK-based Vodafone Group, a co-parent of Vi, is an investor in AST SpaceMobile, and is collaborating to set up this 'first space-based mobile network'. The first five commercial satellites have been placed in orbit successfully last September, with plans to have over 50 satellites in the coming years. "As satellite-based mobile access becomes a reality in India, we are looking forward to ushering in a new era of seamless and resilient connectivity," said Avneesh Khosla, chief marketing officer, Vi. Through the partnership, Vi and AST SpaceMobile will collaborate to develop commercial offerings for diverse sectors, including consumer, enterprise and IoT. "We are not just expanding coverage; we are breaking down barriers to connectivity, enabling everyday smartphones to access 4G and 5G directly from space," Chris Ivory, chief commercial officer, AST SpaceMobile, added. Ivory said through the partnership, new possibilities can be unlocked for emergency response, disaster management, agriculture, remote learning, and other applications. As per rules, any company offering satellite services in India needs to establish its gateways locally and route all its data through these gateways. Vi will now need to secure a satcom permit for starting satcom services. The companies have not yet shared when they plan to apply for securing the regulatory approvals. Unlike other satcom companies like Starlink and Amazon Kuiper, which need a terminal to access broadband, AST SpaceMobile partners with mobile operators to offer connectivity on the devices of users directly, without any need for additional equipment, say experts.
