AST SpaceMobile Announces Extended Board of Directors to Join Closing of Business Combination with New Providence Acquisition Corp.

AST SpaceMobile Announces Extended Board of Directors to Join Closing of Business Combination with New Providence Acquisition Corp.

“We are delighted to benefit from the expertise of our board members, who are pioneers in their industry, including the additions of Edward Knapp of American Tower, Richard Sarnoff of KKR, Ronald Rubin of Tower Alliance, Julio Torres of Multiple Equilibria Capital and Alex Coleman of NPA, ”said Abel Avellan, CEO and President of AST SpaceMobile. “With our board leadership team now in place, we are preparing for the approach of closing our business combination, enabling our next phase of rapid growth.”

The AST business combination has been structured to provide adequate funding to build and launch the first phase of AST SpaceMobile of 20 production satellites by early 2023. These satellites are expected to initially serve the equatorial regions, covering 1, 6 billion people and start generating income together with the world. class-leading mobile network operators including one of our founding and strategic technology partners, Vodafone.

AST SpaceMobile’s goal, in partnership with existing mobile operators, is to eliminate the connectivity gaps faced by today’s 5 billion mobile subscribers and finally bring broadband to around half of world population …

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