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LightSquared and netTALK Sign Long Term 4G-LTE Wholesale Agreement

 

June 28, 2011

 

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 agreement. 

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 services.”

 

“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 market.