Light Squared CEO, Sanjiv Ahuja, announced at the keynote address at CTIA on Wednesday that his company has signed an agreement with Best Buy to become its second public wholesale customer. The announcement came one day after Light Squared and Cricket Communications announced their wireless network deal.
The LightSquared and Leap Wireless deal involves a long-term 4G roaming agreement. The new arrangement will allow Cricket, Leap's operating subsidiary, to supplement the LTE coverage that Cricket plans to deploy across its own networks over the next few years with LTE roaming services from LightSquared.
The Best Buy LightSquared agreement involves the new Best Buy Connect service announced by Ajuha during the keynote. The service will begin trials early next year. This is in line with LightSquared plans to begin commercial operations of its wireless network.
The announced business model involves Best Buy using LightSquared's network to offer LTE services to Best Buy customers under the Best Buy Connect brand.
LightSquared is reported to have five wholesale customers under contract, but so far only the Leap and Best Buy agreements have been disclosed publicly.
The company is mandated by the Federal Communications Commission to build out a network that covers 100 million people by 2012 and 260 million people by 2015. Ahuja said the company is well positioned to exceed those targets.