New York, NY, December 18, 2011 --(PR.com
)-- LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Quantum Networks, a global leader in wireless solutions, have signed a wholesale network agreement that will enable Quantum to bundle 4G wireless connectivity with its products.
With LightSquared’s 4G-LTE network, Quantum will become a “one-stop-shop” by bundling connectivity with its devices to meet the needs of its customers who want access to world-class wireless broadband services. By expanding beyond their traditional offerings, and taking advantage of the unprecedented demand for wireless connectivity, Quantum will also be able to generate new recurring revenue streams.
“With LightSquared, we can now go the final mile and deliver the most advanced wireless services to our customers,” said Ari Zoldan, chief executive officer of Quantum Networks. “Before, we were only able to meet customers halfway while they scrambled for reliable connectivity. Now we can offer a complete communications solution while also maximizing our revenue opportunity.”
“Quantum has been seeking a strong partner to ignite our mobile broadband offerings,” added Eytan Wiener, chief operating officer of Quantum Networks. “Our unique online delivery model combined with LightSquared’s state-of-the-art 4G-LTE network will allow us to fulfill our vision of delivering reliable, high-speed connectivity to our customers across the country.”
Quantum is LightSquared’s 33rd wholesale customer, and part of a rapidly growing customer base that includes wireless carriers, device manufacturers, nationwide retailers, regional phone companies and mobile content providers.
“Quantum Networks epitomizes the entrepreneurial and innovative spirit that will drive the growth of wireless broadband in this country,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “LightSquared and its wholesale business model are empowering bold companies such as Quantum Networks to create new revenue streams and foster much-needed competition in the U.S. wireless market.”
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 Quantum Networks
Quantum Networks, LLC is a global leader in wireless solutions specializing in niche next generation communication devices. The company has an extensive portfolio of products, including but not limited to: cell phone signal boosters, advanced 3G/4G routers, mobile hotspots, and GPS Tracking products. Quantum has a company culture fueled by intuition, creativity, innovation and technical expertise. The Quantum team channels these attributes into its strategic vision, business practices and all its customer interactions. For more information about Quantum, please visit www.quantum-co.com or http://twitter.com/quantumwireless.
Contact: Josh Lefkowitz
Burson-Marsteller for LightSquared
Tel: (212) 614-5012
Tel: (212) 993-5899 x 2012
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.