Summary by Futu AI
AST SpaceMobile announced the appointment of Christopher Sambar, AT&T's Head of Network, to its Board of Directors effective June 20, 2024, succeeding Alexander Coleman. Sambar will serve on the Network Planning and Spectrum Committee, bringing extensive expertise in network infrastructure and global operations. The appointment aligns with AT&T's director nomination rights under the recently amended Stockholders' Agreement.Sambar currently leads AT&T's Global Network organization, overseeing network technology strategy, architecture, and operations for over 100 million mobile and broadband customers. His background includes executive roles at AT&T since 2002 across various divisions including FirstNet, Business Solutions, and Technology Operations. He has declined any cash or equity compensation for his board service.The strategic appointment comes as AST SpaceMobile prepares to deliver its first commercial satellites to Cape Canaveral this summer. The company has secured investments from major telecoms including AT&T, Verizon, and Vodafone, with agreements spanning over 45 mobile network operators reaching approximately 2.8 billion subscribers globally.