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U.S. government agency
The Federal Communications Commission (FCC) is an independent agency of the United States federal government that regulates communications by radio, television, wire, internet, Wi-Fi, satellite, and cable across the United States. The FCC maintains jurisdiction over the areas of broadband access, fair competition, radio frequency use, media responsibility, public safety, and homeland security.
More on Wikipedia ↗AST SpaceMobile (NasdaqGS:ASTS) faces new competition after the FCC cleared SpaceX to launch a direct-to-phone satellite service. The FCC authorization allows SpaceX to use a large low-Earth orbit constellation to connect ordinary smartphones without terrestrial cell towers. Regulatory clearance for SpaceX to bypass…
AST SpaceMobile told the FCC it is “well-positioned to put the 800 MHz spectrum into use now,” citing 10 operational satellites capable of using the band.
AST SpaceMobile shares plunge 13.6% to $49.20 as SpaceX gains FCC approval for 15,000 satellites, raising competition and spectrum concerns