AT&T Taps BlueBird 6 for 120Mbps Space Broadband as Stake Drops 6.1%
AT&T has partnered with AST SpaceMobile to leverage BlueBird 6, a 2,400-square-foot LEO communications array capable of 120 Mbps connectivity, with 45–60 satellites planned by year-end. Advisors Asset Management trimmed its AT&T stake by 6.1%, selling 92,891 shares in Q3 to hold 1,427,754 shares.
1. Partnership with AST SpaceMobile
AT&T has secured access to AST SpaceMobile’s BlueBird 6, the largest commercial communications array deployed in low Earth orbit. The 2,400-square-foot antenna supports peak data speeds up to 120 Mbps directly to standard smartphones and paves the way for 45–60 satellite launches by year-end, enhancing AT&T’s network reach and service offerings.
2. Institutional Stake Reduction
Advisors Asset Management reduced its position in AT&T by 6.1% during the third quarter, selling 92,891 shares to end the period with 1,427,754 shares. This modest divestment reflects institutional portfolio adjustments and could signal shifting investor sentiment toward the telecom giant.