LightSquared signs PowerNet Global as latest wholesale customer

LightSquared inked a wholesale LTE deal with communications services provider PowerNet Global, the latest customer to sign up with LightSquared despite continued uncertainty over whether its plan to turn on its terrestrial LTE network will be approved by the FCC.

Under the multi-year agreement, PowerNet Global will become a wholesale customer on LightSquared's LTE network and will develop its own branded voice and high-speed mobile data services for its business and residential customers. Founded in 1992, PowerNet provides voice, data, SIP and managed services.

In the wake of Sprint Nextel's (NYSE:S) 15-year, $9 billion network-hosting deal with LightSquared, LightSquared continues to prove it can attract customers, despite pressure from the GPS industry and government agencies, which are worried that the company's L-band spectrum will cause damaging GPS interference.

LightSquared CMO Frank Boulben told FierceWireless last week that the Sprint deal, in which LightSquared will pay Sprint to host its spectrum on Sprint's Network Vision network architecture, has resulted in "fantastic" feedback from potential customers. He said LightSquared is currently in negotiations with 22 companies for commercial contracts. He also said that LightSquared expects to receive between $3 billion and $3.5 billion in additional funding over the next two and a half years.

For more:
- see this release

Related Articles:
LightSquared CMO: We'll get $3-3.5B more in funding over the next few years
European official worries over LightSquared GPS interference
Sprint confirms $9B LTE network-hosting deal with LightSquared
LightSquared CEO Ahuja confident FCC will approve network plan
LightSquared forges rural initiative amid continued criticism of network
NTIA blasts LightSquared's previous network design, pledges to review new one
LightSquared snags $265M in financing, will forge ahead with network

Suggested Articles

The C-Band Alliance (CBA) now says the U.S. could see billions of dollars going to the U.S. Treasury if its auction of C-band spectrum gets approved.

T-Mobile appears to be working to gain favor in NY, promising more jobs in new tax revenue from a second new customer experience center in the state.

Google announced it’s bringing RCS chat services to Android users in the U.S.