Press Releases
- May 14, 2012
LightSquared Implements Voluntary Chapter 11 Restructuring - April 20, 2012
LightSquared’s Amended Agreement with Inmarsat Enhances Opportunities for Increased Competition and Universal Access to Broadband Wireless Coverage Across Entire U.S. - March 30, 2012
LightSquared Says Proposed FCC Ruling Is Legally Unprecedented, Not Supported By Technical Evidence, And Inconsistent With Other Recent Commission Action - March 16, 2012
LightSquared Says FCC’s Proposal Would Undermine Wireless Investment, Create Regulatory Uncertainty - March 16, 2012
LightSquared Says Sprint’s Contract Termination Is in the Best Business Interests of Both Companies - March 6, 2012
LightSquared Announces Extension of Emulation on its SkyTerra-1 Satellite Network for Existing Customers - February 28, 2012
LightSquared Undertakes Search for New CEO; Affirms Intent to Build Wireless Network - February 20, 2012
LightSquared Statement Regarding Inmarsat Notice - February 15, 2012
LightSquared Response to FCC Public Notice - February 14, 2012
LightSquared Remains Committed to Finding Resolution - February 7, 2012
LightSquared Calls on FCC to Initiate Receiver Reliability Standards, Set Level Playing Field for Spectrum Licensees - January 23, 2012
Telecom Ventures Partners with LightSquared to Offer Branded Mobile Broadband Services to Underserved Markets - January 19, 2012
Jolt Mobile Partners with LightSquared to Deliver High-Speed Wireless Data Services to Ethnic Communities - January 18, 2012
Former FCC Chief Engineer and LightSquared Question Validity of Test Results Rigged by GPS Industry Insiders - January 17, 2012
Hometown Telecom to Provide Mobile Broadband Services Using LightSquared’s Network - January 13, 2012
Government Committee’s Refusal to Continue Testing Highlights Systemic Pattern of Bias and Collusion - January 6, 2012
The ISP Store Partners with LightSquared to Deliver Wireless Broadband Services to its Extensive Roster of ISP Customers - January 5, 2012
Broadcore to Run Next-Generation Communications Solutions Over LightSquared’s Network - January 3, 2012
LightSquared Names Marc Montagner Chief Financial Officer - December 23, 2011
Independent Lab Tests Verify High-Precision GPS Devices Can Coexist with LightSquared - December 20, 2011
LightSquared Files Petition for Declaratory Ruling, Asks FCC to Confirm Its Rights as Spectrum Licensee - December 16, 2011
Quantum Networks Partners with LightSquared to Deliver 4G Connectivity - December 14, 2011
Statement from Sanjiv Ahuja, CEO of LightSquared - December 14, 2011
Gateway Communications Services, Inc. to Deliver Branded Wireless Services Using LightSquared’s Wholesale Network - December 9, 2011
Martin Harriman, Executive Vice President of Ecosystem Development and Satellite Business, Issues Statement about Illegal Leak of Testing Data - December 9, 2011
LightSquared Has Now Signed More Than 30 Wholesale Customers - December 8, 2011
LightSquared and Skype Co-Founder’s FreedomPop Partner to Offer Free Broadband Services - December 7, 2011
Testing by World-Renowned Independent Laboratory Shows LightSquared is Compatible with High-Precision GPS Devices - December 6, 2011
Elevate, Inc. Strengthens Services Portfolio with 4G-LTE Wireless Broadband Service from LightSquared - December 1, 2011
LightSquared and Smarter Car to Connect Dealerships and Drivers with Critical Vehicle Information - November 30, 2011
Lawmakers, Technology Experts and Rural Advocates Call on Government to Find Speedy Solution to Spectrum Crunch - November 29, 2011
Cellular Product Distributors and LightSquared Partner to Bundle Hotspot Device and 4G Connectivity - November 28, 2011
EATEL Becomes First Local Exchange Carrier to Partner with LightSquared - November 22, 2011
Soundtracker Turns to LightSquared to Revolutionize the Mobile Music Business - November 9, 2011
LightSquared and Javad GNSS Present Findings of Interference Solution at PNT Advisory Board Meeting - November 8, 2011
Statement by Terry Neal, Senior Vice President Public Relations and Communications at LightSquared - November 8, 2011
Red Pocket Mobile Partners with LightSquared to Deliver No Contract Wireless Data Services to Customers - November 3, 2011
m-banco to Offer Mobile Financial Services Using LightSquared Network - October 27, 2011
Statement by Jeff Carlisle, Executive Vice President for Regulatory Affairs and Public Policy at LightSquared - October 27, 2011
LightSquared and PCTEL Protect High Precision GPS Applications - October 24, 2011
LightSquared Announces Brightstar as Preferred Supply Chain Services Provider - October 13, 2011
LightSquared Shows Filtering Technology - October 12, 2011
LightSquared and Aircado to Bring Wireless Broadband to “Micropolitan” Markets Across the Country - October 10, 2011
LightSquared to Present at the 2011 Deutsche Bank Securities Leveraged Finance Conference - October 5, 2011
LightSquared and CareConnect to Mobilize Seniors - October 3, 2011
LightSquared Announces Collaboration with Sharp® on L-Band Smartphone and Tablet Product Development - October 1, 2011
Statement from Curtis Lu, General Counsel of LightSquared - September 29, 2011
LightSquared Signs Multi-Year Wholesale Agreement with YourTel America - September 27, 2011
Letter from Farming Organizations to Congress in Support of LightSquared and GPS Collaboration - September 26, 2011
LightSquared Signs Multi-Year Wholesale Agreement with AirTouch Communications - September 25, 2011
Open Letter from LightSquared CEO Sanjiv Ahuja - September 22, 2011
LightSquared Chief Financial Officer and Chief Marketing Officer Presented at the Goldman Sachs 20th Annual Communacopia Conference on September 22 - September 21, 2011
LightSquared Announces Simple, Affordable Solution to GPS Interference Issues - September 20, 2011
LightSquared Selects Industry-Leading Systems Integrator and Business Support Systems Vendors to Manage Wholesale Platform - September 12, 2011
LightSquared Signs Multi-Year Wholesale Agreement with VoX Communications - September 6, 2011
LightSquared and Advanta Technologies Announce Long-Term 4G-LTE Wholesale Agreement - August 30, 2011
LightSquared and Simplexity MVNO Services Sign Long-Term 4G-LTE Wholesale Agreement - August 29, 2011
LightSquared and Inmarsat Collaborate to Support Hurricane Irene Emergency Responders - August 23, 2011
LightSquared and InterGlobe Communications Sign Multi-Year 4G-LTE Wholesale Agreement - August 22, 2011
Terry Neal Joins LightSquared as Senior Vice President for Public Relations and Communications - August 15, 2011
LightSquared and EarthComm Solutions Sign Long-Term 4G-LTE Wholesale Agreement - August 11, 2011
From LightSquared: GPS Industry’s Failure to Comply With Department of Defense and International Standards for GPS Receivers Cause of Interference - August 8, 2011
LightSquared and ClearTalk Wireless Announce Bilateral 4G Roaming Agreement - August 4, 2011
LightSquared and PowerNet Global Sign Long-Term 4G-LTE Wholesale Agreement - August 3, 2011
LightSquared Completes Transition of Public Safety Users to SkyTerra 1 Satellite - August 1, 2011
LightSquared Delivers on Promise to Indian Health Service, Tribes and Tribal Organizations - July 28, 2011
Sprint Nextel and LightSquared Announce Spectrum Hosting and Network Services Agreement - July 26, 2011
LightSquared to Invest in Next Generation Push-to-Talk for Public Safety - July 7, 2011
LightSquared Forms Rural Initiative to Ensure LightSquared and GPS Co-Existence - July 5, 2011
LightSquared Secures $265 Million in Additional Financing - June 30, 2011
LightSquared Submits Nationwide Wireless Broadband Plan to FCC - June 28, 2011
LightSquared and netTALK Sign Long Term 4G-LTE Wholesale Agreement - June 20, 2011
LightSquared Solution to GPS Issue Will Clear Way for Nationwide 4G Network - April 21, 2011
LightSquared and SI Wireless Announce They Have Entered Into a Bilateral Roaming Agreement - April 20, 2011
LightSquared and Cellular South Announce They Have Entered Into a Bilateral Roaming Agreement - March 22, 2011
Cricket Enters into 4G Roaming Agreement with LightSquared - March 11, 2011
LightSquared and Open Range Partner to Expand Deployment of Nation’s First 4G LTE Wireless Broadband and Satellite Network to Rural American Communities - March 1, 2011
LightSquared and the United States GPS Industry Council File Their First Joint Report to the Federal Communications Commission - February 22, 2011
LightSquared Announces Additional Financing - February 14, 2011
LightSquared Next-Generation Satellite and Space-Based Network Successfully Completes Post Launch Testing - January 28, 2011
LightSquared Delivers Notice to Inmarsat Triggering Phase 2 of Re-Banding of L-Band Spectrum in North America - January 26, 2011
LightSquared Statement on the Federal Communications Commission Conditional Waiver of the Ancillary Terrestrial Component (ATC) Integrated Service Rule - November 14, 2010
LightSquared Announces the Successful Launch of Next-Generation Satellite - October 19, 2010
LightSquared Announces Redemption of 14 Percent Senior Secured Discount Notes Due 2013 - October 13, 2010
LightSquared Launches Emergency Rapid Response Team - October 7, 2010
LightSquared Announces Chipset Partnership and Initial Device Manufacturers - October 3, 2010
LightSquared Announces Significant Financing - September 29, 2010
LightSquared and the Indian Health Service Partner for Remote Communications for the Indian Health System - August 18, 2010
LightSquared Delivers Notice To Inmarsat Triggering Re-Banding Of L-Band Radio Spectrum In North America - July 20, 2010
Introducing LightSquared: Revolutionizing the U.S. Wireless Industry
Sprint Nextel and LightSquared Announce Spectrum Hosting and Network Services Agreement
NEWS HIGHLIGHTS
- LightSquared enters into a Spectrum Hosting and Network Services Agreement with Sprint that is expected to result in substantial savings for LightSquared and accelerate completion of LightSquared’s nationwide 4G-LTE network
- Sprint has option to purchase 4G capacity from LightSquared
- LightSquared enters into a nationwide 3G Roaming Agreement with Sprint
RESTON, Va. and OVERLAND PARK, Kan. – July 28, 2011 – LightSquared™, the nation’s first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and Sprint Nextel (NYSE: S) announced today they have entered into a 15-year agreement that includes spectrum hosting and network services, 4G wholesale, and 3G roaming.
This spectrum hosting arrangement leverages Sprint’s investment in its innovative, multi-year Network Vision plan. Under the agreement, LightSquared will pay Sprint to deploy and operate a nationwide LTE network that hosts L-Band spectrum licensed to or available to LightSquared. As a wholesale-only carrier with separate core network operations, LightSquared can sell its 4G broadband capacity produced through this spectrum hosting relationship to Sprint, other wireless carriers, and retail partners.
Under the terms of the agreement, during an 11 year period, LightSquared will make payments to Sprint of approximately $9 billion in cash for spectrum hosting and network services as well as LTE and satellite purchase credits which are currently estimated to be valued at approximately $4.5 billion. The agreement also provides Sprint the opportunity to purchase up to 50 percent of LightSquared’s expected L-Band 4G capacity. The wholesale purchase credits will provide Sprint the option to obtain cost-competitive access to 4G capacity by offsetting Sprint’s purchases of 4G capacity from LightSquared, should Sprint elect to incorporate the L-Band LTE capability as part of its 4G offering.
This agreement is expected to lower network capital and operating expenses for LightSquared by more than $13 billion over the next eight years in comparison with the cost of a stand-alone network build. LightSquared expects the deployment of the nationwide 4G-LTE network to be completed more than one year ahead of the Federal Communications Commission (FCC) mandate to cover 260 million Americans by 2015.
LightSquared has also entered into a 3G nationwide roaming agreement with Sprint. With access to Sprint’s 3G nationwide network, LightSquared’s wholesale customers will be able to offer combined 4G/3G data services as soon as LightSquared launches its first 4G markets in 2012.
“This spectrum hosting agreement with LightSquared allows Sprint to more efficiently use its Network Vision platform,” said Steve Elfman, president of Network Operations and Wholesale for Sprint. “In addition to improving our cash flow, it provides additional options and flexibility in how we meet our customers’ future capacity needs.”
“This agreement gives LightSquared a rapid and cost-effective radio access network build,” said LightSquared Chairman and CEO Sanjiv Ahuja. “With our next generation satellite already operational and our independent core network build underway, LightSquared is now well positioned to meet the fast-growing market demand for wireless broadband services with its wholesale-only integrated 4G-LTE and satellite network.”
The agreement is subject to LightSquared's obtaining resolution and FCC approval of certain interference issues involving terrestrial use of the L-Band spectrum.
“We believe LightSquared, in cooperation with the FCC and adjacent spectrum users, is taking proactive steps to address and resolve these issues in a timely manner,” said Elfman.
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 Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 51 million customers at the end of 1Q 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Newsweek ranked Sprint No. 6 in its 2010 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.Sprint.com or www.facebook.com/Sprint and www.twitter.com/Sprint
# # #
CONTACT:
Amy Rosenberg
Burson-Marsteller for LightSquared
Tel: +1 (212) 614-4558
Amy.Rosenberg@bm.com
Scott Sloat
Sprint Nextel
240-855-0164
scott.sloat@sprint.com
Forward Looking Statement:
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This news release includes “forward-looking statements” of Sprint and LightSquared within the meaning of the securities laws. The statements in this news release regarding expected financial savings, new technologies, networks, products, and potential interference issues, as well as other statements that are not historical facts, are forward-looking statements. The words “estimate,” “project,” “forecast,” “intend,” “expect,” “believe,” “target,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are estimates and projections reflecting management’s judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. With respect to these forward-looking statements, management of each of Sprint and LightSquared has made assumptions regarding, among other things, development and deployment of new technologies and networks; operating costs; efficiencies and cost savings of multi-mode technologies; customer and network usage; customer growth and retention; pricing; service, coverage and quality, including potential interference issues; and the timing of various events. Sprint Nextel and LightSquared believe these forward-looking statements are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Sprint Nextel and LightSquared are not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release. Sprint Nextel provides a detailed discussion of risk factors in periodic SEC filings, including its annual report on Form 10-K for the year ended December 31, 2010 in Part I, Item 1A, “Risk Factors,” and in Part II, Item 1A “Risk Factors” of its quarterly report on Form 10-Q for the period ended March 30, 2011.
