RESTON, Va. and NEW YORK, Dec. 16, 2011 /PRNewswire/ — LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Quantum Networks, a global leader in wireless solutions, have signed a wholesale network agreement that will enable Quantum to bundle 4G wireless connectivity with its products.
With LightSquared’s 4G-LTE network, Quantum will become a “one-stop-shop” by bundling connectivity with its devices to meet the needs of its customers who want access to world-class wireless broadband services. By expanding beyond their traditional offerings, and taking advantage of the unprecedented demand for wireless connectivity, Quantum will also be able to generate new recurring revenue streams.
“With LightSquared, we can now go the final mile and deliver the most advanced wireless services to our customers,” said Ari Zoldan, chief executive officer of Quantum Networks. “Before, we were only able to meet customers halfway while they scrambled for reliable connectivity. Now we can offer a complete communications solution while also maximizing our revenue opportunity.”
“Quantum has been seeking a strong partner to ignite our mobile broadband offerings,” added Eytan Wiener, chief operating officer of Quantum Networks. “Our unique online delivery model combined with LightSquared’s state-of-the-art 4G-LTE network will allow us to fulfill our vision of delivering reliable, high-speed connectivity to our customers across the country.”
Quantum is LightSquared’s 33rd wholesale customer, and part of a rapidly growing customer base that includes wireless carriers, device manufacturers, nationwide retailers, regional phone companies and mobile content providers.