RESTON, Va. and REDMOND, Wash., Oct. 12, 2011 /PRNewswire/ --LightSquared, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Aircado, the wireless broadband service provider for smaller towns and cities, have signed a wholesale agreement that will enable Aircado to deliver high-speed mobile data services to its customers across the country.
Aircado serves "micropolitan" towns and cities; areas representing 20 million people across the United States that are underserved by the larger wireless carriers. Operating on LightSquared's nationwide network, Aircado will be able to offer its customers affordable and reliable high-speed wireless services, operating on the latest devices for use at home and on the go.
"With LightSquared's nationwide 4G-LTE network, we can implement our unique community-based business model and deliver wireless broadband services to small but important towns throughout America," said Loren Wengerd, Aircado CEO. "LightSquared's network and attractive wholesale-only economics allow us to advance the delivery of our services in the markets we plan to serve at a dramatically quicker pace, while offering competitively priced products to our growing base of customers."
"Aircado's commitment to bring broadband services to "micropolitan" markets aligns well with LightSquared's mission to deliver wireless broadband to all Americans," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "We are pleased to partner with Aircado as it furthers its plans to provide much-needed communications services to smaller towns and cities throughout the United States."
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.
Headquartered in Redmond, WA, Aircado is a privately held wireless broadband service provider. The company's goal is to expand its offering of affordable, reliable, secure community-based wireless internet services for smaller towns and communities. For more information call (855) AIRCADO or visit www.aircado.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.