RESTON, VA and HOUSTON, TX, September 6, 2011 – LightSquared™, the nation’s first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and Advanta Technologies, a Texas-based provider of voice, video and data solutions for enterprise customers, today announced they have entered into a multi-year wholesale agreement.
Under this agreement, Advanta will be able to expand the company’s product portfolio to include innovative wireless broadband devices, applications and services that will run on LightSquared’s nationwide 4G-LTE network.
“We now have the opportunity to provide nationwide wireless services to our customers,” said Sjon Stevens, vice president of operations of Advanta. “Only LightSquared’s unique business model combined with advanced 4G-LTE technology will enable Advanta to offer our customers an innovative, yet affordable, portfolio of products and services that deliver a real business advantage.”
“Our agreement with Advanta is another example of LightSquared’s commitment to providing innovative companies with affordable wireless capacity so they can expand their service offerings,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “We’re also excited that LightSquared’s diverse customer portfolio continues to grow as companies look to offer affordable, reliable and competitive wireless broadband services.”
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 Advanta
Advanta is a business communications service provider whose purpose is to enable people in organizations to interact more effectively at a lower cost – from fixed and mobile Internet devices. These services include hosted PBX, contact center, and video conferencing. Advanta covers 94% of the U.S. for local phone service. Founded in 1986 and based in Houston, Advanta serves small to large organizations. For more information, please go to www.advantatech.com.
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CONTACT:
Amy Rosenberg
Burson-Marsteller for LightSquared
Tel: (212) 614-4558
amy.rosenberg@bm.com
Greg Smith
Advanta Technologies
Tel: (713) 554-2301
gregs@advantatech.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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