LightSquared and PowerNet Global Sign Wholesale Agreement
August 4, 2011
RESTON, VA. and CINCINNATI: LightSquared
and PowerNet Global today announced they have entered into a multi-year
Under this agreement, PowerNet Global will become a wholesale customer on
LightSquared’s 4G-LTE network and will develop its own branded voice and
high-speed mobile data services for its business and residential customers.
This partnership represents a major step towards making the latest generation
of mobile services available to PowerNet Global’s growing customer base
throughout the United States.
“The partnership with LightSquared helps fulfill our goal of delivering an
expanding array of advanced communications services to our customers across the
country,” said Bernie Stevens, president and chief executive officer of
PowerNet Global. “LightSquared’s nationwide network and wholesale business
model give us the opportunity to deepen our existing customer relationships and
expand into new markets.”
LightSquared yesterday announced that it migrated 50,000 public safety and
enterprise customers to its SkyTerra 1 satellite, another step toward launching
it’s broadband-and-satellite 4G network. The deal with PowerNet marks its eighth wholesale agreement. LightSquared has wholesale deals with netTalk of Miami, Sprint Nextel, Best Buy Connect, Cellular South, Leap Wireless, Open Range and SI Wireless.