Ast spacemobile announces agreement to sell its investment in nanoavionics

Midland, texas--(business wire)---- $asts #launch--ast spacemobile, inc. (nasdaq: asts), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, announced it has entered into a definitive agreement to sell its majority ownership stake in nanoavionics, a leading smallsat mission integrator and bus manufacturer based in lithuania. the transaction values nanoavionics at an enterprise valuation of approximately $68 million and is expected to close
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