RESTON, Va. and LOS ANGELES, Calif., January 19, 2012 – LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Jolt Mobile, Inc., a full service prepaid wireless solution provider, have announced a wholesale agreement that will enable Jolt Mobile to offer its customers high-speed wireless data access using LightSquared’s 4G-LTE network.
Jolt Mobile, which offers no-contract pre-paid and pay-as-you-go wireless plans, ensures that its customers — consisting mainly of ethnic communities, students and seniors — are able to affordably connect with family and friends nationwide and throughout the world. Customers can purchase Jolt Mobile phones at cell phone retailers across the country, and activate or add services to their plans either online or through an “800” number. With LightSquared, customers will now have the option of adding advanced mobile data services to their plans. Jolt Mobile is also planning to use the LightSquared network to expand its business by offering cost-effective Internet solutions to small and medium-sized businesses.
“Jolt Mobile can now fulfill our commitment to delivering high-speed data services to our unique customer base,” said Avi Yroshalmaine, president of Jolt Mobile. “LightSquared’s state-of-the-art network and wholesale business model will allow us to enhance our competitive position by offering these services at highly affordable rates, and also explore opportunities in new market segments.”
Jolt Mobile, which is LightSquared’s 38th wholesale customer, joins numerous other companies, including wireless carriers, device manufacturers, nationwide retailers, regional phone companies and mobile content providers, who all plan to use LightSquared’s network to offer competitively-priced wireless service to their customers.
“With this agreement, Jolt Mobile can now offer its customers in underserved communities access to the most advanced wireless data services,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “Our network, combined with our attractive wholesale rates, will help accelerate Jolt Mobile’s goal to be the cutting-edge alternative to high-priced providers.”
About LightSquared
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 Jolt Mobile, Inc.
Jolt Mobile, Inc., a subsidiary of NET, Inc., is a pay-as-you-go service. They make it easier for retailers to activate new SIM cards and refill them. With Jolt Mobile, Inc. customers enjoy direct International dialing, making it easier to stay in contact with friends and family all over the world without having to worry about being charged outrageous rates. Additional information is available at http://www.joltmobile.com/.
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CONTACT:
Josh Lefkowitz
Burson-Marsteller for LightSquared
Tel: (212) 614-5012
joshua.lefkowitz@bm.com
Avi Yroshalmaine
Jolt Mobile
PRESS@JOLTmobile.com
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.
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