AST SpaceMobile CEO publishes letter to partners, shareholders

AST SpaceMobile announced that Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile, published a letter to partners, shareholders, and future space-based cellular broadband network users. The full text of the letter is below. “Dear Fellow Partners, Shareholders, and Future Space-Based Cellular Broadband Network Users, The recent announcement of a strategic partnership with Verizon is another leap forward for AST SpaceMobile. It builds upon the momentum of our earlier flagship commercial agreement with AT&T, not only by securing additional capital in the form of prepayments and convertible notes, but more importantly, by accelerating our mission to eliminate connectivity gaps across the United States. With both industry leaders – AT&T and Verizon – on board, AST SpaceMobile is now uniquely positioned to achieve a groundbreaking feat: target 100% geographical coverage throughout the continental U.S., the most valuable wireless market in the world.”