LightSquared Signs Multi-Year Wholesale Agreement with VoX Communications

RESTON, Va. and ORLANDO, Fla., Sept. 12, 2011 /PRNewswire/ -- LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and industry innovation, has signed a multi-year wholesale agreement with VoX Communications (VoX), a provider of wholesale and retail Voice over Internet Protocol (VoIP) services for consumers and businesses.

This is LightSquared's 14th partner agreement, signaling that companies across a range of industries are eager to develop innovative mobile services, devices and applications on LightSquared's open network.

VoX is culminating its strategy to add mobile functionality to its existing IP network platform by launching affordable new mobile services and applications, including voice and video, on LightSquared's world-class network. VoX also plans to offer high-speed data and satellite services to its existing and new customers. The combination of wholesale economics and business model, open platform, 4G-LTE network and growing device ecosystem is the key reason why VoX chose to partner with LightSquared to deliver its innovative services.

"We've been closely following the rapid increase in mobile VoIP users, and determining how our company could take advantage of this new reality," said Mark Richards, president and chief information officer of VoX. "We believe that the LightSquared network and business model are creating a transformative moment for the industry, and will allow us to expand our portfolio so we can deliver a broad range of affordable and innovative mobile services to our customers."

"When we think of the types of partners that would benefit from the LightSquared network, VoX Communications comes to mind," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "VoX is already redefining VoIP performance and services, and we look forward to helping them do the same with a new portfolio of innovative wireless 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 VoX Communications

VoX Communications, a wholly owned subsidiary of Pervasip Corp. (OTCQB: PVSP), is a proven provider of wholesale and retail VoIP services and smartphone applications. Using its own nationwide VoIP network, VoX offers wholesale broadband voice, origination and termination services to cable operators, carriers, ISPs, CLECs, resellers and other wireless and wireline operators, as well as enhanced video and VoIP telephone service to the small business and residential marketplaces. VoX provides a feature-rich, low-cost and high-quality alternative to traditional wireline phone service. For more information, please go to www.voxcorp.net.

Forward Looking Statement

This release contains forward-looking statements and information regarding LightSquared, Pervasip and their business. Such statements are based on the current expectations and certain assumptions of 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 and Pervasip have 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.

SOURCE LightSquared