AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the
company building the first and only space-based cellular broadband
network accessible directly by everyday smartphones designed for
both commercial and government use, today announced the appointment
of Chris Sambar to its Board of Directors, effective June 20,
succeeding Alex Coleman, Chairman at New Providence Acquisition
Corp. Mr. Sambar brings a distinguished career in leadership and
technology to AST SpaceMobile, further strengthening the company's
expertise as it prepares for its next phase of growth.
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Chris Sambar, AT&T Head of Network
(Photo: Business Wire)
Mr. Sambar's appointment comes at a pivotal time for AST
SpaceMobile, as the Company plans to deliver its first commercial
satellites to Cape Canaveral for launch into low Earth orbit this
summer. His deep understanding of network infrastructure, strategy,
and global markets, honed through over two decades at AT&T,
will be instrumental in guiding AST SpaceMobile's deployment of its
revolutionary space-based cellular broadband service.
In addition to his role on the Board, Sambar will also serve as
a member of AST SpaceMobile’s Network Planning and Spectrum
Committee of its Board of Directors, responsible for network
planning for the AST constellation including network features and
capacity planning.
“Connectivity has become a fundamental aspect of our daily
lives. AST SpaceMobile’s space-based broadband network is poised to
make communication on an everyday smartphone possible in places
that were previously challenging to reach on a terrestrial
network,” said Chris Sambar, Head of Network, AT&T. “AST
SpaceMobile has already achieved many industry firsts and has
proven the real-life possibilities satellite technology can enable.
I’m very much looking forward to being a part of their
journey.”
Mr. Sambar is currently serving as AT&T’s Head of Network.
In this role, he oversees a multi-billion-dollar budget and leads
the team responsible for AT&T's global network infrastructure,
encompassing network technology strategy, architecture, planning,
engineering, and 24/7 operations. Prior to his current position,
Mr. Sambar held various leadership roles across AT&T, including
Enterprise Business Sales, Public Sector Sales & Solutions -
where he spearheaded the AT&T FirstNet Program, Consumer
Broadband & Television, Retail & Wireless Distribution and
Sales, Human Resources, and Corporate Strategy.
Mr. Sambar's impressive career began with a distinguished
six-year active-duty stint as a Navy SEAL. He continued his
military service as a reserve SEAL, deploying to Iraq. Following
his service, he earned an MBA from the University of Southern
California and embarked on a successful business career at
AT&T.
“Chris is a remarkable leader with a proven track record in
managing complex operations and driving innovation,” said Abel
Avellan, Founder, Chairman, and CEO at AST SpaceMobile. “His deep
understanding of network technology, strategy, and global markets
will be invaluable to AST SpaceMobile as we prepare to bring our
revolutionary space-based cellular broadband service to people
everywhere.”
AST SpaceMobile has more than 3,300 patent and patent-pending
claims for its technology and operates state-of-the-art, vertically
integrated manufacturing and testing facilities in Midland, Texas,
which collectively span 185,000 square feet. The company recently
secured strategic investment from AT&T, Verizon, Google and
Vodafone, as well as a contract award with the United States
Government through a prime contractor. The company has agreements
with more than 45 mobile network operators globally, which have
over 2.8 billion existing subscribers in total, including Vodafone
Group, Rakuten Mobile, AT&T, Bell Canada, Orange, Telefonica,
TIM, Saudi Telecom Company, MTN, Zain KSA, Etisalat, Indosat
Ooredoo Hutchison, Telkomsel, Smart Communications, Globe Telecom,
Millicom, Smartfren, Telecom Argentina, Telstra, Africell, Liberty
Latin America and others. Rakuten, American Tower and Bell Canada
are also existing investors in AST SpaceMobile.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular
broadband network in space to operate directly with standard,
unmodified mobile devices, based on our extensive IP and patent
portfolio, for both commercial and government use. Our engineers
and space scientists are on a mission to eliminate the connectivity
gaps faced by today’s five billion mobile subscribers and finally
bring broadband to the billions who remain unconnected. For more
information, follow AST SpaceMobile on YouTube, X (Formerly
Twitter), LinkedIn and Facebook. Watch this video for an overview
of the SpaceMobile mission.
Forward-Looking Statements
This communication contains “forward-looking statements” that
are not historical facts, and involve risks and uncertainties that
could cause actual results of AST SpaceMobile to differ materially
from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology,
including the words “believes,” “estimates,” “anticipates,”
“expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,”
“projects,” “predicts,” “continue,” or “should,” or, in each case,
their negative or other variations or comparable terminology.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside AST SpaceMobile’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (i) expectations regarding AST SpaceMobile’s strategies
and future financial performance, including AST’s future business
plans or objectives, expected functionality of the SpaceMobile
Service, anticipated timing of the launch of the Block 1 Bluebird
satellites, anticipated demand and acceptance of mobile satellite
services, prospective performance and commercial opportunities and
competitors, the timing of obtaining regulatory approvals, ability
to finance its research and development activities, commercial
partnership acquisition and retention, products and services,
pricing, marketing plans, operating expenses, market trends,
revenues, liquidity, cash flows and uses of cash, capital
expenditures, and AST’s ability to invest in growth initiatives;
(ii) the negotiation of definitive agreements with mobile network
operators relating to the SpaceMobile service that would supersede
preliminary agreements and memoranda of understanding and the
ability to enter into commercial agreements with other parties or
government entities; (iii) the ability of AST SpaceMobile to grow
and manage growth profitably and retain its key employees and AST
SpaceMobile’s responses to actions of its competitors and its
ability to effectively compete; (iv) changes in applicable laws or
regulations; (v) the possibility that AST SpaceMobile may be
adversely affected by other economic, business, and/or competitive
factors; (vi) the outcome of any legal proceedings that may be
instituted against AST SpaceMobile; and (vii) other risks and
uncertainties indicated in the Company’s filings with the SEC,
including those in the Risk Factors section of AST SpaceMobile’s
Form 10-K filed with the SEC on April 1, 2024.
AST SpaceMobile cautions that the foregoing list of factors is
not exclusive. AST SpaceMobile cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. For information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward-looking statements, please refer to the
Risk Factors incorporated by reference into AST SpaceMobile’s Form
10-K filed with the SEC on April 1, 2024. AST SpaceMobile’s
securities filings can be accessed on the EDGAR section of the
SEC’s website at www.sec.gov. Except as expressly required by
applicable securities law, AST SpaceMobile disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240624944397/en/
Investor Contact: Scott Wisniewski
investors@ast-science.com
Media Contact: Allison Eva Murphy Ryan 917-547-7289
AstSpaceMobile@allisonpr.com
AST SpaceMobile (NASDAQ:ASTS)
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