RESTON, VA – August 30, 2011 – LightSquared™, the nation’s first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and Simplexity MVNO Services, a wholly owned subsidiary of leading wireless solutions provider Simplexity, today announced that they have entered into a multi-year wholesale agreement. Simplexity MVNO Services is a fully integrated Mobile Virtual Network Enabler (MVNE) which provides end-to-end and customized solutions for Mobile Virtual Network Operators (MVNOs).
Under this agreement, Simplexity MVNO Services will become a wholesale customer on LightSquared’s 4G-LTE network and will provide voice and high-speed mobile data services that are private branded for its partners that include retailers, e-tailers, OEMs, marketing organizations and affinity groups, as well as other organizations seeking to provide customized wireless solutions to their customers. This agreement represents a major step towards making the latest generation of mobile services available to Simplexity’s constantly growing partner base throughout the United States.
“In addition to the MVNE services we offer to new and existing MVNOs, our agreement with LightSquared will allow Simplexity MVNO Services to provide turnkey, private branded wireless offerings on LightSquared’s 4G-LTE network. Our operational scale and experience will give our partner companies the ability to provide customized wireless offerings to their customers at a fraction of the time and cost normally required to launch a full scale MVNO,” said Terry Hsu, president of Simplexity MVNO Services. “We look forward to utilizing LightSquared’s nationwide network and wholesale business model to enable businesses and organizations of all shapes and sizes to offer wireless solutions tailored to their customers’ needs.”
“We are very pleased to partner with Simplexity MVNO Services to expand the reach of LightSquared’s best-in-class, nationwide wireless broadband network,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “This agreement reaffirms LightSquared’s commitment to enable companies of all sizes and from all industries to include competitive wireless offerings in the services they provide to their customers.”
LightSquared’s mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared’s network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared.
About Simplexity MVNO Services
Simplexity MVNO Services is a subsidiary of Simplexity, the leading provider of solutions for the wireless industry. Using its proprietary integrated technology platform, Simplexity MVNO provides both turnkey and customized Mobile Virtual Network Enabler (MVNE) solutions for MVNOs. Our services include User Experience, Order Processing, Activation and Provisioning, Equipment Procurement and Logistics, Billing, Customer Service, and Management Analytics. Simplexity MVNO also provides its partners the ability to offer customized, private branded wireless services to their customers for a fraction of the time and cost usually associated with launching a full MVNO. For more information about Simplexity MVNO, please go to www.Simplexity.com
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Tel: +1 (703) 657-4102
Burson-Marsteller for LightSquared
Tel: +1 (212) 614-4558
Forward Looking Statement:
This release contains forward-looking statements and information regarding LightSquared and its business. Such statements are based on the current expectations and certain assumptions of LightSquared’s management and are, therefore, subject to certain risks and uncertainties. The forward-looking statements expressed herein relate only to information as of the date of this release. LightSquared has no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release, nor is there any assurance that the plans or strategies discussed in this release will not change.