#WASHINGTON — AT&T is prepared to provide more funds to help get #AST #SpaceMobile’s direct-to-smartphone constellation plans off the ground.
#AST #SpaceMobile raised $155 million from AT&T and other investors in January, but the satellite operator needs more capital to provide 5G connectivity globally from low Earth orbit to phones and other devices outside cell tower coverage.
While AT&T is a conservative company that does not generally provide venture funding, Chris Sambar, head of network for the U.S. telecoms giant, said March 20 its investment in #AST SpaceMobile is unlikely to be its last.
Despite only investing recently, Sambar said during a Satellite Conference panel here with AST SpaceMobile CEO Abel Avellan that the telco has been working with the satellite operator for six years.

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