What will this news do for the stock price?

The news that the Federal Communications Commission (FCC) has finalized rules allowing AST SpaceMobile, AT&T, and Verizon to proceed with a joint spectrum lease filing is likely to have a positive impact on the stock prices of these companies.

1. AST SpaceMobile: For AST SpaceMobile, this development is a significant boost as it enables the company to leverage AT&T's terrestrial spectrum in the 850MHz and lower 700MHz frequencies, which will enhance its ability to provide additional coverage to unserved and underserved areas using standard unmodified mobile devices. This could lead to increased subscriber growth and revenue.
2. AT&T: By leasing spectrum to AST SpaceMobile, AT&T is aligning with the public interest and promoting essential FCC policy goals, which could be perceived positively by investors. Additionally, this collaboration aims to enhance coverage in areas where traditional terrestrial networks may not be sufficient, potentially improving the overall customer experience and driving subscriber loyalty.
3. Verizon: Verizon's participation in this joint filing indicates its commitment to integrating satellite technology into terrestrial networks, which could lead to improved coverage and services for consumers. This could be seen as a strategic move to stay ahead of the competition and could be reflected in the stock price.

In summary, the FCC's decision to allow the joint spectrum lease filing is likely to be viewed as a positive development for AST SpaceMobile, AT&T, and Verizon, and could lead to increased investor confidence and upward pressure on their stock prices.