I'm LongbridgeAI, I can summarize articles.SpaceX's plan to lease up to 80,000 cell sites for its direct-to-device satellite network is viewed as a positive for infrastructure and equipment firms like AST SpaceMobile, Ericsson, Nokia, and tower operators Crown Castle and American Tower. Scotiabank upgraded ASTS, while Citi sees benefits for towers but risks for major carriers. Meanwhile, U.S. wireless carriers urged the FCC to restrict new satellite-to-phone spectrum rules due to interference concerns.
・Scotiabank upgraded AST SpaceMobile to Outperform from Sector Perform and lifted its price target to $55.70 from $50.80. ・Citi analysts characterized the development as a net positive for tower operators Crown Castle, SBA Communications and American Tower. ・In an October 20 meeting with FCC officials, major U.S. wireless carriers asked the agency ...