Nokia Siemens Networks signs an 8-year agreement worth $7 billion to deploy, install, operate, and
maintain LightSquared network

July 20, 2010

Today marks the launch of LightSquared, a new nationwide 4G-LTE wireless broadband network integrated with satellite coverage that will revolutionize communications in the United States. As the nation’s first wholesale-only integrated wireless broadband and satellite network, LightSquared will provide wireless broadband capacity to a diverse group of customers, including retailers; wireline and wireless communication service providers; cable operators; device manufacturers; web players; content providers; and many others.  The LightSquared network will allow these partners to offer satellite-only, terrestrial-only, or integrated satellite-terestrial services to their end users.  This wholesale-only business model ensures LightSquared has no conflict of interest with its customers. LightSquared seeks to transform the wireless broadband industry to one that fosters innovation, creativity, and freedom of choice via the first truly open and net neutral wireless network.

The driving force behind LightSquared is Philip Falcone, founder and chief executive officer of Harbinger Capital Partners, who foresaw the explosive demand for wireless broadband connectivity generated by new devices and the mobile Internet. To meet this demand and make his plan a reality, Falcone made several investments through the Harbinger funds, including the acquisition of SkyTerra Communications, Inc., now part of LightSquared.

Falcone said, “The launch of LightSquared marks a significant milestone in the industry and for Harbinger. With a strong management team and a world-class partner to build and manage the network, the business is well positioned to capitalize on key trends; demand for wireless broadband is growing at a rapid pace and there is an increasing need for additional network capacity and reach. Importantly, LightSquared will also make a significant contribution to U.S. job growth and the economy.”

Falcone has partnered with telecommunications visionary Sanjiv Ahuja, who will lead the LightSquared team as chairman and chief executive officer. Ahuja brings a successful track record to the new company and will lead the development and nationwide rollout of its network. Ahuja was chief executive officer of the global telecom giant Orange Group from 2004 through 2007, during which Orange’s customer base grew from 48 million to more than 100 million subscribers globally.

“LightSquared will be a disruptive force in the U.S. wireless landscape by democratizing wireless broadband services,” said Ahuja. “We’re not only delivering exciting opportunities for manufacturers and retailers, but also real change for consumers, dealers, and service providers. We’re providing everyone, including underserved communities, with a fast, reliable experience regardless of where they are located in the United States. This network will return our country to its rightful position as a leader in wireless broadband technology and solidify its reputation as the center of global innovation.”