LightSquared has entered into a multi-year wholesale agreement with
netTALK. Under terms of the deal, LightSquared will become a wholesale
LTE network provider to the US telecommunications and consumer
electronics company, while netTALK will develop its own branded voice
and high-speed mobile data services for its customers. The agreement
with LightSquared will enable netTALK to compete in the U.S. wireless
market as an LTE MVNO.
LightSquared™, the nation’s first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and netTALK.COM, INC.
("netTALK"; OTCBB: NTLK), a telecommunications and consumer
electronics company offering a variety of innovative, easy-to-use
products designed to help consumers save money on phone calls and more,
today announced that they have entered into a multi-year wholesale
Under this agreement, netTALK will become a wholesale customer on
LightSquared’s 4G-LTE network, and will develop its own branded voice
and high-speed mobile data services for its customers. This partnership
represents a major step toward making the latest generation of mobile
services available to netTALK’s fast-growing customer base throughout
the United States.
“Our partnership with LightSquared helps fulfill our vision of
delivering the most advanced communications services to customers
throughout America,” said Anastasios ‘Takis’ Kyriakides, president of
netTALK. “With LightSquared’s wholesale business model, we also now have
an opportunity to serve new customer segments with very competitive
“We are extremely excited to provide netTALK with access to the
wireless broadband capabilities of the LightSquared network,” said
Sanjiv Ahuja, chairman and chief executive officer of LightSquared.
“This agreement reaffirms LightSquared’s commitment to enable new and
innovative companies such as netTALK to compete in the U.S. wireless
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 broadband connectivity, wherever they are in the United
States. As a wholesale-only operator, LightSquared will deploy an open
4G 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.
(OTCBB: NTLK) is engaged in the design, distribution and sale of
products and low-cost VoIP services. NetTALK's DUO and other products
offer free calling to any phone in the U.S. and Canada from anywhere in
the world. A Laptop Magazine Editor's Choice product, designated "Business-Ready"
by PCWorld, the DUO is the smallest VoIP analog telephone adapter in
the world. The netTALK DUO and other innovative netTALK communications
products are available at www.nettalk.com.