RESTON, Va., April 21, 2011 /PRNewswire/ -- LightSquared™, the nation's first, wholesale-only integrated 4G-LTE wireless broadband and satellite network, and SI Wireless, a partnership of rural independent telephone companies, delivering 3G-CDMA/EVDO technology to rural parts of Illinois, Kentucky and Tennessee, have entered into a bilateral roaming agreement.
This agreement will provide subscribers of SI Wireless with a nationwide 4G-LTE footprint as well as satellite coverage in rural areas where there is no terrestrial network. It will also expand LightSquared's data coverage to additional rural communities in the SI Wireless coverage area.
"This agreement is key to our vision of delivering the most advanced communications services to our customers," said SI Wireless Chief Executive Officer, Terry Addington. "We understand that subscribers of Tier 2 and 3 carriers expect access to the most advanced technology nationwide and LightSquared's business model is completely aligned with the coverage and capacity needs of rural operators, allowing them to compete with their larger competitors."
"SI Wireless' plan to deliver wireless services throughout rural underserved markets underscores LightSquared's vision to provide universal broadband connectivity throughout the U.S.," said Sanjiv Ahuja, Chairman and CEO of LightSquared. "We are delighted to partner with rural operators from all over the country – offering them our nationwide 4G-LTE and satellite coverage and capacity through our wholesale-only model at attractive rates – it is our wholesale-only business model that enables a wide range of partnerships from established carriers with thousands or millions of subscribers to greenfield start-up operators like SI Wireless."
LightSquared's mission is to revolutionize the U.S. wireless industry. Through 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 broadband connectivity, wherever they are in the United States. Through its wholesale-only business model, those without their own wireless network or who have limited geographic coverage or spectrum can develop and sell their own devices, applications and services using LightSquared's open 4G network – at a competitive cost and without retail competition from LightSquared. The company plans to spend more than $14 billion in network infrastructure, deployment and operations over the next eight years. For more information about LightSquared, please go to www.LightSquared.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.