|LightSquared and PowerNet Global Sign Long-Term 4G-LTE Wholesale Agreement|
Posted: 04-Aug-2011 [Source: LightSquared]
[LightSquared announced today a wholesale agreement with PowerNet Global.]
Reston, Va and Cincinnati, Ohio -- LightSquared™, the nation's first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and PowerNet Global, a leading nationwide provider of integrated telecommunications services, today announced that they have entered into a multi-year wholesale agreement.
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."
"We are very pleased to provide PowerNet Global with access to LightSquared's best-in-class wireless broadband network," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "This agreement reaffirms LightSquared's commitment to enable established service providers, such as PowerNet Global, to include competitive wireless offerings in the services they provide to their customers."
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