LightSquared Reaches New Agreement with Inmarsat
By Mark Holmes | April 24, 2012
[Satellite TODAY 04-24-11] LightSquared and Inmarsat have come to a new agreement, as LightSquared continues to look to secure its medium to long-term future. 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. We remain committed to fulfilling our business vision to bring world-class wireless broadband connectivity to millions of Americans,” LightSquared’s interim COO and Chief Network Officer Doug Smith said in a statement.