Young Thug speaks from courtroom
LeBron James endorses Kamala Harris in presidential race against Trump
Prince of Wales' environmental roadshow to arrive in Africa next week
North Korea boasts of its new long-range missile targeting the US
UNRWA chief says Israeli forces damaged agency's West Bank office; Israel disputes claim
Oregon identifies 3 human cases of bird flu in people from Washington state
New Zealand reaches trade deal with Gulf states
Soto, Burnes, Buehler, Fried among 136 who become free agents with 64 more awaiting pending options
(Reuters) -Telecom giant AT&T has struck a deal with satellite provider AST SpaceMobile to deliver a space-based broadband network direct to cell phones, the companies said on Wednesday.
AST SpaceMobile's shares shot up nearly 33.5% in extended trading.
The Texas-based company plans to dispatch five satellites from Cape Canaveral into low-Earth orbit this summer, aiming to start commercial service.
AT&T head of network Chris Sambar will join AST SpaceMobile's board as part of the agreement.
The companies have been working together since 2018 under a memorandum of understanding.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Alan Barona)
