Abel Avellan
$5.8B
Born
Feb 01, 1971
Age
54
Source of Wealth
telecoms
Residence
Coral Gables, Florida
Citizenship
United States
Marital Status
Children
0
Education
- Abel Avellan is the founder and CEO of AST SpaceMobile, which is building satellites that enable broadband connections directly to cell phones.
- Avellan was born in Venezuela, where he trained as an engineer. After college, we went to work for Swedish communications giant Ericsson.
- Avellan founded his first company, Emerging Markets Communications in 2000, which provided satellite communications to remote places.
- He sold Emerging Markets Communications in 2016 for $550 million, and used his share of the proceeds to found AST.
- AST SpaceMobile has contracts with Verizon, AT&T and Vodafone to provide connections to customers in areas without tower coverage.
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