LightSquared Reaches Agreement with Inmarsat [Health & Beauty Close - Up]
(Health & Beauty Close - Up Via Acquire Media NewsEdge) LightSquared announced that it has reached agreement with Inmarsat to amend the Cooperation Agreement between the two companies.
The Company said this amended agreement provides LightSquared additional time and flexibility to use its spectrum to deploy a terrestrial 4G wireless network once all regulatory authorizations have been secured.
"This new agreement allows LightSquared an opportunity to focus its efforts on obtaining the necessary regulatory approvals to begin building the nation's first, coast-to-coast wireless broadband system," said Doug Smith, LightSquared's interim chief operating officer and chief network officer. "We remain committed to fulfilling our business vision to bring world-class wireless broadband connectivity to millions of Americans.
"The renewed partnership between LightSquared and Inmarsat strengthens the opportunity for consumers across the U.S. to obtain the benefits of increased competition that LightSquared will bring to the broadband wireless market, and the only viable opportunity for rural areas of the country to obtain access to reliable broadband wireless service."
LightSquared is a mobile communications provider currently serving government customers, public safety, and the commercial transport and logistics industries.
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