Verizon signs deal with AST SpaceMobile to provide cellular service from space. AST shares surge

AST SpaceMobile on Wednesday announced a deal with Verizon to provide cell service from space beginning next year.

This deal, which did not have terms immediately available, brings direct-to-service connect via space to cell phone users on Verizon plans. It marks an expansion of a partnership between the two companies announced last year, according to a press release.

AST shares surged more than 8% before the bell on Wednesday. Verizon shares added 0.8%.

This is breaking news. Please refresh for updates.