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Red Pocket Mobile Partners with LightSquared to Deliver No Contract Wireless Data Services to CustomersRESTON, Va. and LOS ANGELES, Calif., Nov. 8, 2011 /PRNewswire via COMTEX/ -- LightSquared, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Red Pocket Mobile, a mobile virtual network operator (MVNO) serving customers across the U.S., today announced a wholesale agreement that will enable Red Pocket Mobile to offer their subscribers high-speed wireless data access using LightSquared's 4G-LTE network. Red Pocket Mobile, one of the country's leading MVNOs, offers no contract unlimited and pay-as-you-go plans at thousands of retailers throughout the United States and directly to consumers at GoRedPocket.com. With U.S. wireless data usage expected to grow 4,000 percent in the next four years, Red Pocket Mobile will leverage LightSquared's 4G-LTE network to make next-generation mobile broadband services available to millions of consumers nationwide. "Red Pocket Mobile is committed to providing our customers with access to the most advanced high-speed data services," said Joshua Gordon, president of Red Pocket Mobile. "LightSquared's cutting-edge network will enable us to add new wireless broadband services to our industry-leading suite of talk, text and mobile web plans." "With its agreement with LightSquared, Red Pocket Mobile is poised to lead the growth of MVNOs in this country," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "Delivering advanced wireless data services will enable Red Pocket to reach new customers and elevate their company's competitive position in the wireless marketplace." 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 Red Pocket Mobile Red Pocket Mobile is a leading Mobile Virtual Network Operator (MVNO) with a special focus on high value, no contract consumer wireless offerings. Launched in 2006, Red Pocket Mobile offers wireless service throughout the United States, including Hawaii, Alaska, Puerto Rico and the U.S. Virgin Islands. Red Pocket's product suite includes Unlimited and Pay-As-You-Go plans, all powered by the ultra-convenient Red Pocket Mobile SIM card. For more information about Red Pocket Mobile, please visit www.GoRedPocket.com and www.twitter.com/RedPocketMobile. 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. CONTACT: Josh Lefkowitz Burson-Marsteller for LightSquared Tel: (212) 614-5012 [email protected] Carol Sherwin Red Pocket Mobile Tel: (805) 372-1753 [email protected] SOURCE LightSquared |